The Marginal Tax Rate Is Equal to the

question 78

Multiple Choice

The marginal tax rate is equal to the

• A) total amount of a person's tax payment divided by the total amount of the person's taxable income.
• B) total amount of a person's tax payment divided by the change in the person's taxable income.
• C) change in the person's tax payment divided by the total amount of the person's taxable income.
• D) change in the person's tax payment divided by the change in the person's taxable income.

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Definitions:

Purchases Journal

A specialized accounting journal used to record all purchases of goods and services on credit.