Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
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Chapter 1.3, Problem 3CC
Summary Introduction

To Explain: The effect of marginal income tax rate over the financial decision making.

Introduction: Marginal Income tax: It is the percentage of the total tax payable with the total taxable income of an organization. Marginal tax rate gives an overall idea about the tax percentage in an industry. It helps in taking various financial decisions.

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