Asked by Brian Williams on May 19, 2024
Verified
Define the average tax rate.
Average Tax Rate
The proportion of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the total income.
- Compute and comprehend mean and incremental tax rates.
Verified Answer
DS
DaJour SpenceMay 20, 2024
Final Answer :
The average tax rate is the total taxes paid divided by total income.
Learning Objectives
- Compute and comprehend mean and incremental tax rates.