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Describe two nonconstructive communication strategies and explain why they could lead to a communication shutdown.
Marginal Tax Rate
The rate at which the next dollar of taxable income will be taxed, a tool used to gauge the impact of additional income or deductions on income tax.
Taxable Income
The amount of income used to calculate how much the tax will be for an individual or a corporation, after all deductions and exemptions.
Tax Liability
The total amount of tax owed to the IRS by an individual or business for a given tax year.
Income Tax Formula
The calculation used to determine the amount of income tax that an individual or entity owes to the government.
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