Examlex
Which of the following is NOT an element of an IEP?
Old-Age Pensions
Retirement benefits provided by the government, employers, or other institutions to support individuals financially after they retire.
Military Expenditures
The funds spent by a country on its military forces, including salaries, equipment, and operations.
Marginal Tax Rate
The marginal tax rate is the percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate paid on the last dollar of your income.
Average Tax Rate
The percentage of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.
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