What is the definition of a marginal tax rate?
What will be an ideal response?
The marginal tax rate is the percentage of the next additional dollar of taxable income that must be paid out in taxes.
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Which of the following statements is true of the duty of reimbursement and indemnification?
A) It bars agents from claiming expenses arising out of negligence or unlawful activities. B) It requires a principal to compensate an agent for services rendered even in the absence of a written agreement. C) It mandates that a principal should pay a contingency fee to an agent upon conclusion of the business transaction. D) It forbids a principal from interfering with the reasonable conduct of an agent as agreed upon in a contract.
Carlos voluntarily transfers to Opal his right to receive a payment of $125 due to him from Scott. Scott is the assignee
a. True b. False Indicate whether the statement is true or false
The sum of frequencies for all classes will always equal _____
a. 1 b. the number of elements in a data set c. the number of classes d. a value between 0 and 1
The four operations performed by a computer include
A. input, control, output, and storage. B. interface, processing, output, and memory. C. input, output, processing, and storage. D. input, logical/rational, arithmetic, and output.