Multiple Choice
The marginal tax rate is equal to the
A) total amount of a person's tax payment divided by the total amount of the person's taxable income.
B) total amount of a person's tax payment divided by the change in the person's taxable income.
C) change in the person's tax payment divided by the total amount of the person's taxable income.
D) change in the person's tax payment divided by the change in the person's taxable income.
Correct Answer:
Verified
Correct Answer:
Verified
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