The U.S. tax system collects a ______________ share of your annual tax obligation from each pay...
The U.S. tax system collects a ______________ share of your annual tax obligation from each pay check.
Homework Answers
Answer: marginal
Country’s tax system is progressive. It means the obligation of paying higher tax with higher income. Tax is levied on each additional paycheck is called marginal tax, since it is applicable on the last dollar of income.
The aggregate of all those taxes would reflect as annual tax obligation.
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The U.S. tax system collects a ______________ share of your
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