The average tax rate is: O equal to the marginal tax rate if the tax is progressive. O the total tax rate minus the marginal tax rate. O the ratio of total taxes paid to total taxable income. O the tax rate that applies to incremental dollars of income.
The average tax rate is: O equal to the marginal tax rate if the tax is progressive. O the total tax rate minus the marginal tax rate. O the ratio of total taxes paid to total taxable income. O the tax rate that applies to incremental dollars of income.
Chapter16: The Public Sector
Section: Chapter Questions
Problem 7SQP
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![The average tax rate is:
O equal to the marginal tax rate if the tax is progressive.
O the total tax rate minus the marginal tax rate.
O the ratio of total taxes paid to total taxable income.
O the tax rate that applies to incremental dollars of income.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad437d9c-63fb-4dcb-bd16-42a0419107d4%2F1428aec5-9c47-4eae-b8d1-a524fe28b76a%2Fwpbwhl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The average tax rate is:
O equal to the marginal tax rate if the tax is progressive.
O the total tax rate minus the marginal tax rate.
O the ratio of total taxes paid to total taxable income.
O the tax rate that applies to incremental dollars of income.
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