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Multiple Choice Question
Which of one of these statements best illustrates the definition of a marginal tax rate?
Fredrico paid no tax on his $16,400 income, or zero percent.
Suenette paid $13,400 in taxes on a taxable income of $52,000, or 25.8 percent.
Don paid $28,000 in taxes on his $100,000 income, or 28 percent.
Antonio will pay $0.28 more in taxes if his taxable income increases by $1, or 28 percent.
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