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Author Question: If a taxpayer's total tax liability is $30,000, taxable income is $100,000, and economic income is ... (Read 60 times)

Starlight

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Question 1

A taxpayer's average tax rate is the tax rate applied to an incremental amount of taxable income that is added to the tax base.
◦ true
◦ false

Question 2

If a taxpayer's total tax liability is $30,000, taxable income is $100,000, and economic income is $120,000, the average tax rate is 30 percent.
◦ true
◦ false


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Marked as best answer by Starlight on Sep 13, 2020

fwbard

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Starlight

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


ktidd

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Reply 3 on: Yesterday
Wow, this really help

 

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