The Tax Rate Which Is Computed by Simply Dividing the Total

question 24

Multiple Choice

The tax rate which is computed by simply dividing the total tax liability by the corresponding tax base is known as the:

• A)capital gains tax rate
• B)average tax rate
• C)effective tax rate
• D)marginal tax rate

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Definitions:

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The ethical standards that govern behavior, often based on concepts of right and wrong that transcend individual circumstances.

False Beliefs

Convictions or understandings that are not aligned with reality or truth.

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