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) Average rates can only be calculated for taxpayers with income over $100,000.
C) Marginal rates are always smaller than average rates.
D) Average rates are never more than marginal rates.
Correct Answer:
Verified
Correct Answer:
Verified
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