Explain the Basic Difference Between Quantitative and Qualitative Data Collection

question 18

Short Answer

Explain the basic difference between quantitative and qualitative data collection methods. How do quantitative and qualitative methods differ in terms of how data is collected?

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the taxation rate for each additional dollar earned.

Federal Income Tax

A tax levied by the U.S. federal government on an individual's or entity's annual income.

Marginal Tax Rate

The rate at which an additional dollar of income would be taxed, representing the tax rate applicable to the highest dollar of an individual's income.

Personal Income Tax

A tax that individuals pay on their income to the government, often levied at progressive rates where the tax rate increases as income increases.