Author Question: If a taxpayer's total tax liability is $30,000, taxable income is $100,000, and economic income is ... (Read 64 times)

Starlight · **on:** Sep 13, 2020

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

fwbard · **Reply #1 on:** Sep 13, 2020

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