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Find the root. Assume that all variables represent nonnegative real numbers.
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Total Tax Rate
The comprehensive rate at which income is taxed, combining the effects of both federal and state rates, and possibly other levies.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, showcasing how much tax will be paid on an additional dollar of income.
Taxable Income
The amount of an individual's or corporation's income used to determine how much tax is owed to the federal government.
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