One Way to Develop a Frequency Distribution Using Excel Is

question 38

True/False

One way to develop a frequency distribution using Excel is to use the Frequency function.

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Definitions:

Average Tax Rate

The proportion of total income paid in taxes, calculated by dividing the total amount of taxes paid by total income.

Tax Rate Schedules

These are charts provided by the IRS that determine the amount of tax to be paid by individuals, corporations, and other entities based on their income level.

Tax Tables

Charts provided by the IRS to help taxpayers determine how much income tax they owe based on their income level and filing status.

Tax Rate Structure

The specific system or method of imposing taxes at different rates on different levels of income or types of transactions.