A(n)____________________ Plan Is Used for Activities That Recur Regularly Over

question 149

Short Answer

A(n)____________________ plan is used for activities that recur regularly over a period of time.

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Definitions:

Marginal Tax Rate

The percentage of tax applied to your income for each additional dollar of income, essentially the tax rate on the last dollar earned.

Total Tax Rate

The combined rate of all the taxes that an individual or business is liable to pay, expressed as a percentage of income.

Average Tax Rate

The ratio of total taxes paid to total income, indicating the share of income that goes to taxes.

After-Tax Distribution

The amount of money shareholders receive from a corporation's earnings after all applicable taxes have been deducted.