Question

The marginal tax rate is equal to the Group of answer choices total amount of a person's tax payment divided by the total amount of the person's taxable income. total amount of a person's tax payment divided by the change in the person's taxable income. change in the person's tax payment divided by the total amount of the person's taxable income. change in the person's tax payment divided by the change in the person's taxable income.

Answer 1

The marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

What is marginal tax rate?

The marginal tax rate refers to the extra amount paid as tax for each additional dollar earned as income.

Hence, the marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

Learn more about marginal tax rate here: https://brainly.com/question/14145043

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