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Please Define the Following Key Terms

question 84

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Please define the following key terms
-"Admiral of the ocean sea" and "viceroy"


Definitions:

Average Tax Rate

The portion of total income paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Taxable Income

The amount of income subject to taxes, determined by subtracting deductions and exemptions from gross income.

Marginal Tax Rate

The percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate applied to the last dollar of the taxpayer's income.

Federal Income Tax

An annual fee collected by the United States federal government from individuals, corporations, trusts, and other legal entities' earnings.

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