Which of the Following Statements Describes the Correct Relationship Between

question 97

Multiple Choice

Which of the following statements describes the correct relationship between marginal and average tax rates in a progressive tax system?

• A)The marginal tax rate is higher than the average tax rate.
• B)The average tax rate is higher than the marginal tax rate.
• C)The marginal and average tax rates are the same.
• D)The average tax rate will always be half of the marginal tax rate.

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Definitions:

Opera

A dramatic art form that combines text (libretto) and musical score, typically in a theatrical setting, involving singers and musicians.

Magical

Relating to, invoking, or possessing supernatural powers or qualities.

Proposition

A pronouncement that reveals a judgment or perspective.

Equivalent

Equal in value, amount, function, meaning, etc.