Examlex
This figure shows the main subdivisions of the geologic timescale. Which of these is the Paleozoic?
Taxable Income
The portion of an individual's or a corporation's income that is subject to taxes according to governmental regulations.
Marginal Tax Rate
The tax rate that applies to the next dollar of taxable income, indicating the percentage of any additional income that will be paid in taxes.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes by the government, after all deductions and exemptions.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (income), showing the percentage of income paid in taxes.
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