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Determine the major product of the following reaction sequence.
Marginal Tax Rate
The percentage at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.
Total Income
The sum of all earnings or revenue generated by an individual or organization before any deductions.
Marginal Tax Rate
Marginal Tax Rate is the rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
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