Examlex
Frequently used content or objects can be saved as ________ blocks.
Taxable Income
The amount of income subject to taxes, determined by subtracting deductions and exemptions from gross income.
Marginal Tax Rate
The percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate applied to the last dollar of the taxpayer's income.
Federal Income Tax
An annual fee collected by the United States federal government from individuals, corporations, trusts, and other legal entities' earnings.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), representing the overall burden of the tax.
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