Examlex
Eric learned in his college biology class that, with respect to the sex chromosomes, the _____.
Marginal Tax Rate
The rate at which your last dollar of income is taxed, indicating the tax rate applied to the next dollar of taxable income.
Excise Tax
Excise tax is a specific type of tax imposed on certain goods, services, and activities, often included in the price of products like tobacco, alcohol, and gasoline.
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, putting a higher relative burden on lower-income earners.
Direct Tax
A tax directly paid to the government by the individual or organization upon whom it is imposed, such as income tax.
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