Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Florence Kelley
Average Tax Rate
A calculation of the proportion of total income that an individual or business pays in taxes, showcasing the fraction of gross income spent on taxes.
Taxable Income
Taxable income is the portion of an individual's or a company's income used to determine how much tax they owe to the government in a given tax year.
Single Individual
Pertains to one person or entity, distinguishing from groups or multiple entities.
Marginal Tax Rate
The percentage rate at which your final dollar of earnings is taxed, denoting the tax percentage applied to your income within each tax bracket you fall into.
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