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 4, Problem 2DTM
Summary Introduction

To identify: Marginal tax rates for a single person.

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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