Question: Explain the difference between nominal tax rates (that is the tax schedule) and effective tax rates with regard to the federal personal income tax. Discuss

Explain the difference between nominal tax rates (that is the tax schedule) and effective tax rates with regard to the federal personal income tax. Discuss factors which make the effective tax rate schedule is less progressive than the nominal tax schedule and two factors which make it more progressive.

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to test high potential managers by throwing them in at the deep end;

to enable the development of managers in depth as well as in breadth;

to enable a balance and breadth of global management understanding at senior levels of management;