Examlex
Why must you always identify the purpose of a letter before you begin writing?
Federal Government
The national government of a federated state, which holds the authority to govern at a national level as distinct from regional or local levels.
Average Tax Rate
The fraction of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.
Marginal Tax Rate
The rate at which the last dollar of a person's income is taxed, indicating how much tax will be paid on an additional dollar of income.
Income Before Taxes
The gross income a person or corporation earns before taxes are deducted.
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