The Average Tax Rate Is

question 68

Multiple Choice

The average tax rate is

• A)the fraction of an additional dollar of income that must be paid in taxes.
• B)the total amount of taxes paid divided by after-tax income.
• C)the total amount of taxes paid divided by before-tax income.
• D)the average amount of government spending that is financed by taxes.

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Definitions:

First Move

A strategy or action taken by a player or participant before anyone else in a game or competitive scenario.

Commit

A promise or firm decision to do something.

Commission Salesman

A salesperson who earns income based on the percentage of sales they generate.

Model Year

A reference to the marketed annual iterative period in which a vehicle or product is sold under a particular designation differing from the calendar year.