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1) Marginal tax rate is best described as: A. The percentage of your income that goes to pay taxes. B. The extra tax you would

1) Marginal tax rate is best described as:

A. The percentage of your income that goes to pay taxes.

B. The extra tax you would pay if you earned one more dollar.

C. The total dollar value of tax that is paid.

D. The rate is set for differing tax brackets.

E. Pre-payments to Canada Revenue Agency to lower tax commitments.

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