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2. Match definitions with terms (a) Statutory (nominal) tax rate 1. Total taxes paid divided by total tax base (b) Marginal tax rate 3 2.

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2. Match definitions with terms (a) Statutory (nominal) tax rate 1. Total taxes paid divided by total tax base (b) Marginal tax rate 3 2. Tax rate set by law, often different rates set for different income brackets. Effective (average) tax rate 1 3. Percentage of tax paid on an incremental change in the tax base

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