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TABLE 2-11
The ordered array below resulted from selecting a sample of 25 batches of 500 computer chips and determining how many in each batch were defective.
-Referring to Table 2-11, construct a relative frequency or percentage distribution for the defects data, using "0 but less than 5" as the first class.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that is paid in taxes.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), indicating the fraction of income or expenditure paid in taxes.
Payroll Taxes
Taxes imposed on employers and/or employees, and are based on the salary or wages of the employee.
Payroll Tax
Contributions demanded from either employees or employers, frequently calculated based on the salaries that staff are awarded by their employers.
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