Question: A client asks you how the marginal tax rate is calculated. How do you respond? a . Divide the change in tax payable by the
A client asks you how the marginal tax rate is calculated. How do you respond?
a
Divide the change in tax payable by the change in income.
b
Divide the total amount of tax paid by the amount of taxable income.
c
Divide employment income by the total of nonrefundable tax credits.
d
Divide total income by the tax rate.
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