Closing Formats: ​

question 12

Short Answer

Closing formats:
​
A.Dyads
B.Leader summary
C.Member summary
D.Round
E.Written reaction​
-The leader wants to elicit brief comments from the members to hear from each one before closing the session.​

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Definitions:

Total Income

The sum of all earnings obtained from any source, including wages, rental income, profits, dividends, and interest.

Total Taxes

The cumulative amount of taxes paid by individuals or companies to the government, including federal, state, and local taxes.

Marginal Tax Rates

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.

Average Tax Rates

The ratio of the total amount of taxes paid to the total income, showing the fraction of income paid in taxes.