A Document That Is Often Mass Produced,with Only a Small

question 5

Multiple Choice

A document that is often mass produced,with only a small amount of variable data (such as recipient address) is a:

• A)directory.
• B)record.
• C)form letter.
• D)data source.

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Definitions:

Average Tax Rate

The percentage of total income paid in taxes, calculated by dividing the total tax paid by the taxpayer’s total income.

Tax Schedule

A chart or list that outlines the rates of taxation for different levels of income or types of taxpayers.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, demonstrating the percentage of tax applied to your income for each tax bracket in which you qualify.

Taxable Income

The income subject to taxes after deductions and exemptions.