Examlex
Which of the following is a covalent compound composed of nonpolar covalent bonds?
Marginal Tax Rate
The amount of tax applied to an additional dollar of income, often used in progressive tax systems.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressing the percentage of income that is paid in taxes.
Income
Monetary payment received for work, from investments, or from government benefits, contributing to an individual's wealth.
Marginal Tax Rate
The tax rate applied to the last dollar of income, showing the percentage of additional income that is paid in tax.
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