Suppose That the Following Statement Is Included in a Program

question 47

True/False

Suppose that the following statement is included in a program. import static java.lang.Math.*; After this statement, a static method of the class Math can be called using just the method name.

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), representing the overall burden of the tax.

Marginal Tax Rate

The rate at which the next dollar of taxable income would be taxed, relevant in progressive tax systems where tax rates increase as income increases.

Federal Income Tax

An annual income tax imposed by the US federal government on individuals, corporations, trusts, and various legal entities.

Average Tax Rate

The portion of an individual's overall income that goes towards taxes, determined by dividing the sum of taxes paid by the total income of the taxpayer.