Examlex
________ are the rewards given to a person by the boss, the company, or some other person.
Marginal Tax Rate
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.
Proportional Income Tax
A taxation system where the tax rate remains constant regardless of the amount of income.
Average Tax Rate
The percentage representation of total taxes paid in relation to the overall taxable income or expenditure.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, influencing decisions about whether to engage in activities that will produce additional income.
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