Marginal Tax Rate Is Best Described As

question 276

Multiple Choice

Marginal tax rate is best described as:

• A) The percentage of your income that goes to pay taxes.
• B) The extra tax you would pay if you earned one more dollar.
• C) The total dollar value of tax that is paid.
• D) The rate set for differing tax brackets.
• E) Pre-payments to Canada Revenue Agency to lower tax commitments.

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Definitions:

Sample

Subset or portion of a population.

Mean

The average value of a data set, obtained by dividing the sum of all the values by the number of values.

Confidence Interval

A span of numerical values, calculated from statistics of a sample, that is expected to encompass the value of a not yet known population parameter with a certain degree of confidence.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.