Asked by
Vikas Ravendra
on Dec 11, 2024
Verified
Which tax rate measures the percent of your income paid in taxes?
A) the marginal tax rate
B) the average tax rate
C) progressive tax coefficient
D) the excise tax rate
Average Tax Rate
the proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.
- Determine the implications of various tax rates (marginal, average, progressive, and regressive) on income.
Verified Answer
EP
Learning Objectives
- Determine the implications of various tax rates (marginal, average, progressive, and regressive) on income.