How do you define the marginal tax rate nbspis the tax on, Financial Management

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How do you define the marginal tax rate nbspis the tax on

How do you define the marginal tax rate?

1. is the tax on the last dollar of income, 2. is the tax on the first dollar of income 3. is the same as the average tax rate. 4. has little impact on investment decision making

Your own retirement account for the self-employed is called a

a. 401 (k) plan b. Keogh account (HR10 account) c. 10-k report d. tax-deferred annuity with a roth iRA, the individual: a. may debut the annual contributions, b. earns tax-free income c. defers taxes d. avoids estate taxes

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