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SCENARIO 2-10
The histogram below represents scores achieved by 200 job applicants on a personality profile.
-Referring to the histogram from Scenario 2-10,90% of the job applicants scored above or equal to_____ .
Average Tax Rate
The percentage of total taxable income that is paid in taxes, calculated by dividing the total tax paid by the total taxable income.
Taxable Income
The portion of income that is subject to taxation after allowances, deductions, and exemptions.
Progressive Taxes
A tax system in which the tax rate increases as the taxable amount increases, meaning higher income individuals pay a higher percentage of their income in taxes.
State and Local Taxes
Taxes imposed by state and local government entities that can include income, sales, and property taxes.
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