Multiple Choice
Which of the following statements describes the correct relationship between marginal and average tax rates in a progressive tax system?
A) The marginal tax rate is higher than the average tax rate.
B) The average tax rate is higher than the marginal tax rate.
C) The marginal and average tax rates are the same.
D) The average tax rate will always be half of the marginal tax rate.
Correct Answer:
Verified
Correct Answer:
Verified
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