Question

# Typically, the average tax rate for a person is ________ his or her marginal tax rate,...

Typically, the average tax rate for a person is ________ his or her marginal tax rate, because the marginal tax rate applies to ________.

below; all income

below; the first dollars taxed but not to all income

below; the last dollars taxed but not to all income

above; the last dollars taxed but not to all income

above; the first dollars taxed but not to all income

below; the last dollars taxed but not to all income

Explanation: Marginal tax rate is the tax rate applied on the last dollar earned.

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