Examlex
Match the person or term with the with the correct description.
-Southern Manifesto
Taxable Income
The portion of an individual's or entity's income used to determine how much tax is owed to the government.
Marginal Tax Rate
The amount of tax paid on an additional dollar of income, which varies depending on income levels and tax brackets.
Federal Personal Income Taxes
Taxes imposed by the federal government on the annual income of individuals or households.
Marginal Tax Rate
The tax rate applied to an individual's or entity's last dollar of income, indicating the percentage of tax paid on additional income.
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