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George is supposed to give a presentation in his History class on Thursday, and has been dreading it intensely all month (his knowledge of the topic is shaky, and so is his presentation style) .On Wednesday, the day before the presentation is scheduled, George's teacher, Ms Njuba, tells him that he can present the following week if he likes.Instead of taking Ms Njuba up on this offer, however, George says that he will go ahead and present the next day.Why?
Tax Rate
The percentage at which an individual or corporation is taxed on their income or profits.
Property Taxes
Levies imposed by governmental entities based on the value of real estate or other property, used to fund public services.
Marginal Tax Rate
The rate at which an additional dollar of income is taxed, representing the percentage of tax applied to the last dollar earned.
Tax-Free
Tax-free describes goods, transactions, or income that are not subject to taxation by the government.
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