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    Fundamentals Of Corporate Finance Study Set 21
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    Exam 2: Financial Statements, Cash Flow, and Taxes
  5. Question
    The ___________ Tax Rate Is the Rate That Applies If
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The ___________ Tax Rate Is the Rate That Applies If

Question 28

Question 28

Multiple Choice

The ___________ tax rate is the rate that applies if one more dollar of income is earned and the ___________ tax rate is the total tax bill divided by taxable income.


A) marginal; flat
B) marginal; average
C) flat; marginal
D) flat; average
E) average; marginal

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