Examlex
Match each definition with the correct word part.
--tripsy
Marginal Tax Rate
The tax rate applied to the last dollar of income, representing the rate at which additional income is taxed.
Taxable Income
The portion of an individual’s or corporation's income that is subject to taxes by the government.
Average Tax Rate
The ratio of the total taxes paid to the overall income, found by dividing the aggregate amount paid in taxes by the total income.
Income Tax Schedule
A chart or formula used to determine the tax rate applied to various levels of income.
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