Multiple Choice
Which of the following statements is true with respect to marginal and average tax rates under a progressive tax structure?
A) Marginal rates are always larger than average rates.
B) Marginal rates are always smaller than average rates.
C) Average rates can only be calculated for taxpayers with income over $100,000.
D) Average rates are never more than marginal rates.
Correct Answer:
Verified
Correct Answer:
Verified
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