Examlex
Let y = and z =
. Write the phrase as an algebraic expression, and evaluate it. z less than y
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.
Total Income
The sum of all earnings obtained from any source, including wages, rental income, profits, dividends, and interest.
Total Taxes
The cumulative amount of taxes paid by individuals or companies to the government, including federal, state, and local taxes.
Marginal Tax Rates
The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
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