Nancy Paid a Tax of $0

question 464

Multiple Choice

Nancy paid a tax of $0.50 on the last dollar she earned in 1999. Nancy's marginal tax rate in 1999 was

• A)more than 50 percent.
• B)exactly 50 percent.
• C)higher than her average tax rate.
• D)lower than her average tax rate.

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Definitions:

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions by traveling through the bloodstream to organs and tissues.

Metabolism

The set of life-sustaining chemical reactions in organisms, allowing for the growth, reproduction, maintenance of structures, and response to their environments.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Theory

A systematic set of ideas or principles explaining a phenomenon or a body of facts, often based on general principles independent of the things being explained.