Asked by
Marcus Russell
on Dec 11, 2024
Verified
If Aisha were to get a $3,000 bonus from her employer, which of the following tax rates would most accurately reflect the percent of this additional income that she would owe in taxes?
A) her marginal tax rate
B) her average tax rate
C) her progressive tax coefficient
D) the rate of excess burden
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the rate of tax that applies to each additional dollar of income.
- Assess and identify distinctions between the average and marginal tax rates.
- Assess the influence of changes in income on tax responsibilities and rate of taxation.
Verified Answer
MH
Learning Objectives
- Assess and identify distinctions between the average and marginal tax rates.
- Assess the influence of changes in income on tax responsibilities and rate of taxation.