Examlex
Recent aspects of outsourcing include all of the following EXCEPT:
Marginal Tax Rate
The percentage of tax applied to your income for each tax bracket in which you qualify.
Taxable Income
The portion of income that is subject to income tax after all deductions, exemptions, and credits are considered.
Tax Liability
The total amount of tax owed by an individual or business entity to taxing authorities like the IRS after accounting for deductions, credits, and exemptions.
Tax Rate Structure
The system of varying tax rates that apply to different levels of income, used by governments to calculate tax liability.
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