The Marginal Tax Rate Is

question 45

Multiple Choice

The marginal tax rate is

• A) the difference between the total tax rate and the average tax rate.
• B) the percentage of total income paid as taxes.
• C) equal to the change in taxes/change in taxable income.
• D) equal to the total taxes/total taxable income.

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Definitions:

Counteroffer

An offer made in response to another offer, differing in terms by which the original offer was changed or rejected.

Accept the Offer

The act of agreeing to the terms and conditions of a proposal, such as a contract, thereby creating a binding agreement between the parties involved.

Revoked

To officially cancel or annul an authorization, license, or legal agreement.

Unequivocal

Leaving no doubt; unambiguous or clear in expression or meaning.