A marginal tax rate is calculated as
A) change in taxes paid ÷ the change in total taxable income.
B) change in taxable income ÷ change in taxes paid.
C) taxes paid ÷ total taxable income.
D) total taxable income ÷ by taxes paid.
Ans: A) change in taxes paid ÷ the change in total taxable income.
Economics
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