The marginal tax rate is the tax rate applied to:
AThe first dollar of a person's income.
BThe average dollar of a person's income.
CThe tax bracket a person falls into.
DThe last dollar of a person's income.
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Related Questions:
Which of the following receipts would NOT be considered a Revenue Receipt for a State Government?
സർക്കാർ ചില പ്രത്യേക ആവശ്യങ്ങൾക്കായി ചുമത്തുന്ന അധിക നികുതി ഏത്?
Which of the following is considered a source of direct tax revenue for a government?
Which of the following is a key characteristic of a flat tax system?
Consider the following statements.
1.Professional tax is levied by state government or local municipal bodies and is in addition to the income tax that the central government collects.
2.Article 276 of the constitution empowers the state to levy the tax in respect of profession, trade, calling and employment.
Which of the statement given above is / are correct ?