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Marginal tax rate is the: (a). average rate for your total income. (b). lowest rate applied to your taxable income. (c). rate applied to your
Marginal tax rate is the:
(a). average rate for your total income.
(b). lowest rate applied to your taxable income.
(c). rate applied to your last dollar of taxable income.
(d). None of these is correct.
I am not sure if the answer is C or D.
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