The marginal tax rate is
a. the total amount of taxes paid divided by after-tax income.
b. the fraction of an additional dollar of income that must be paid in taxes.
c. the average amount of government spending that is financed by taxes.
d. the total amount of taxes paid divided by before-tax income.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.