5. Your average tax rate is the total amount of tax you pay divided by your total...

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5. Your average tax rate is the total amount of tax you pay divided by your total income. Your marginal tax rate is the tax rate that you pay on your next dollar of income that you have earned. Marginal tax rates have the most influence on behavior.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Nov 11, 2024 10:10 AM

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5. Your average tax rate is the total amount of tax you pay divided by your total...

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Principles Of Microeconomics

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