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Use similar triangles to help solve the problem. An airplane ascends 160 feet as it flies a horizontal distance of 1,000 feet. How much altitude will it gain as it flies a horizontal distance of 1 mile? ( Hint: 5,280 feet = 1 mile.) Round your answer to the nearest integer.
Average Tax Rate
The percentage of total income allocated towards taxes, determined by dividing the taxpayer's total tax payment by their overall income.
Marginal Tax Rate
The tax rate applied to the last dollar of income, representing the rate at which additional income is taxed.
Taxable Income
The portion of an individual’s or corporation's income that is subject to taxes by the government.
Average Tax Rate
The ratio of the total taxes paid to the overall income, found by dividing the aggregate amount paid in taxes by the total income.
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