Construction Management
Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
Question
Book Icon
Chapter 6, Problem 1RQE
To determine

Explain marginal tax rate.

Expert Solution & Answer
Check Mark

Explanation of Solution

Explain the term marginal tax rate as follows:

The marginal tax rate is different from average tax rate. As average tax rate means the total tax paid as a percentage based on the total revenue earned. Marginal tax rate means the tax rate based on the final dollar of the revenue so the tax rate is not same for all the revenues. A person with higher revenue pays higher tax and the lower revenue one pays lesser tax.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
On page 1, in the first body paragraph ("In the United States…to be smart."), edit the Kaya source so the Name of Web Page is "Fast Facts 2020: Demographics", the correct Name of the webpage.
4.12 A 400 m vertical curve connects a -2.00% grade to a +4.00% grade. The P.I. is located at station 150 + 00 and elevation 60.00 m above sea level. A pipe is to be located at the low point on the vertical curve. The roadway at this point consists of two 3.6 m lanes with a normal crown slope of 2%. If the lowest point on the surface of the road- way must clear the pipe by 0.75 m, what is the station and maximum elevation of the pipe?
=7.5 in., d1 = 1.5 in., b2 = 0.75 in., d2= 6.0 in., b3 = 3.0 in., and d3 = 2.0 in. Determine (a) the centroid location in inches from the bottom surface. Round off to two decimal places. M H b₂ y ... d₁ M by dy X
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Engineering Fundamentals: An Introduction to Engi...
Civil Engineering
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Cengage Learning
Text book image
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Cengage,
Text book image
Sustainable Energy
Civil Engineering
ISBN:9781337551663
Author:DUNLAP, Richard A.
Publisher:Cengage,
Text book image
Traffic and Highway Engineering
Civil Engineering
ISBN:9781305156241
Author:Garber, Nicholas J.
Publisher:Cengage Learning
Text book image
Architectural Drafting and Design (MindTap Course...
Civil Engineering
ISBN:9781285165738
Author:Alan Jefferis, David A. Madsen, David P. Madsen
Publisher:Cengage Learning