Which of the Following Is a Practical Approach to Improving

question 40

Multiple Choice

Which of the following is a practical approach to improving your self-image?

• A)Learn to develop a positive mental attitude.
• B)Maintain a clear focus on past mistakes.
• C)Spend time getting to know your competition.
• D)Spend time each day contacting your current customers.
• E)Develop a general level of knowledge on many topics.

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the proportion of any additional dollar of income that will be taken as tax.

Lump-Sum Tax

A tax that is a fixed amount, not dependent on the taxpayer's income level or assets' value.

Average Tax Rate

The fraction of total income that is paid in taxes, calculated by dividing the total taxes paid by the total taxable income.

Ability-To-Pay Principle

A tax theory stating that taxes should be levied according to an individual or entity’s capacity to pay.