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A(n) ____________________ table is a range of cells containing values and formulas that let you perform many calculations at once, and then compare the results of these variations on a single worksheet.
Proportional Rate Structure
A tax system where the tax rate remains constant regardless of the amount of income, as opposed to progressive or regressive tax structures.
Progressive Rate Structure
This is a tax system in which the tax rate increases as the taxable base amount increases, typically applied to incomes to ensure higher earners pay a greater percentage of their income.
Regressive Rate Structure
A tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower earners relative to higher earners.
Marginal Tax Rate
The rate at which the next dollar of taxable income will be taxed, a tool used to gauge the impact of additional income or deductions on income tax.
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