Tax structure where tax rate is the same for all taxpayers, regardless of income levels Answer 1 Choose...

Tax structure where the tax rates decrease as the tax base increases. Answer 2 Choose...

The total tax liability divided by total economic income Answer 3 Choose...

Tax structure where the rate of tax increases as the tax base increases Answer 4 Choose...

Equals the tax liability divided by the taxable income. Answer 5 Choose...

Tax Rate useful in tax planning because it measures the tax effect of a proposed transaction. It is the tax rate applied to an incremental amount of taxable income