Examlex
Books, manuscripts, and computer-recorded items are classified as __________ mail.
Marginal Tax Rate
The Marginal Tax Rate is the tax rate applied to an individual's or corporation's last dollar of income, showing the fraction of additional income that is paid in tax.
Average Tax Rate
The average tax rate is the percentage of total income that an individual or corporation pays in taxes, calculated by dividing total tax paid by total income.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the rate applied to each additional dollar of income.
Social Security Tax
A payroll tax collected to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.
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