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1.: What are the potential financial risks of avoiding taxes illegally? 2.: What is the difference between a marginal tax rate and an average tax

1.: What are the potential financial risks of avoiding taxes illegally?

2.: What is the difference between a marginal tax rate and an average tax rate?

3.: Describe why it is important to pay federal income taxes, state income taxes.

4.: What services are funded by these taxes?

5.: What can you do to try to save money on taxes? **Remember, trying to reduce your taxes is legal, but evading taxes is not.

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