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    Personal Finance Study Set 12
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    Exam 4: Tools for Financial Planning - Using Tax Concepts for Planning
  5. Question
    The Marginal Tax Rate Tells Us
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The Marginal Tax Rate Tells Us

Question 3

Question 3

Multiple Choice

The marginal tax rate tells us


A) the average tax we will pay.
B) the tax to be paid on the next dollar earned.
C) the total tax rate to be paid.
D) the minimum tax paid on lower earnings.

Correct Answer:

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