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As the total volume of activity changes:
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of additional income that will be taxed.
Marginal Tax Rate
The rate at which the next dollar of taxable income will be taxed.
Total Income
The sum of all earnings received by an individual or entity, including wages, salaries, benefits, and income from investments.
Total Taxes
The cumulative amount of taxes levied by a government on an individual, corporation, or other entity in a specified period, including income, sales, and property taxes.
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