Examlex
Assume a single taxpayer is taxed at 10% on the first $9,075 of taxable income, 15% on the next $27,825 of income, and at 25% for the following $52,450 of income. What is the average tax rate for that individual if her taxable income is $41,350?
Labor-Force Participation Rate
The percentage of the working-age population that is in the labor force, including both employed and unemployed individuals.
Employed
The state of having paid work or being engaged in an activity or enterprise as a means of earning an income.
Labor-Force Participation Rate
The proportion of the adult population that is either employed or actively looking for employment.
Marginally Attached Workers
Individuals not currently in the labor force who have looked for work within the last year but not in the last four weeks, often due to temporary barriers.
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