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Five degrees C is closest to ____ degrees f.
Marginal Tax Rate
The rate at which an additional dollar of income would be taxed, reflecting the percentage of each additional dollar that is paid in tax.
Income Tax Schedule
A chart or table displaying the rates to be applied to income ranges for calculating the amount of income tax due.
Taxable Income
The portion of an individual's or entity's income used as the base for calculating income tax owed to the government.
Average Tax Rate
The ratio of the total amount of taxes paid to the total income, indicating how much of one's income goes to taxes.
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