The tax rate on the last dollar of income: a Average tax rate b Progressive tax...

The tax rate on the last dollar of income:

	a	Average tax rate
	b	Progressive tax rate
	c	Marginal tax rate
	d	Capital tax rate

Expert Solution

Marginal Rate of Tax is the Tax rate on Last Dollar of Income earned. As the income increases tax rate also increases and the Dollar income above the Previous level will be taxed at a higher rate.

Answer C

jeff jeffy answered 2 years ago

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