The marginal tax rate is defined as
a. tax liability divided by taxable income.
b. tax liability multiplied by taxable income.
c. the change in tax liability divided by the change in taxable income.
d. the change in tax liability minus the change in taxable income.
C
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Does section 2 of the Sherman Act make it a felony to "attempt" to monopolize an industry or must the attempt succeed before it is a felony?
What will be an ideal response?
National income is defined as
A) gross domestic product less the consumption of fixed capital. B) gross national product plus transfer payments. C) gross domestic product less retained earnings plus transfer payments. D) gross national product less retained earnings plus transfer payments.
Resources are divided into the following broad categories:
a. people, money, and machines b. saving, spending, investment, and capital c. human, technological, and government d. natural resources, labor, capital, and entrepreneurial ability e. free, scarce, abundant, and unlimited
In the long run, what is the only factor that changes if the money supply increases when the economy is at full employment?
a. Employment increases. b. The RGDP increases. c. Aggregate supply increases. d. Price level increases.