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A company's ______ tax rate is its tax bill divided by its total taxable income, and its ______ tax rate is the tax rate it pays on the next dollar of income.
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A company's ______ tax rate is its tax bill divided by its total taxable income, and its ______ tax rate is the tax rate it pays on the next dollar of income.

User Mark Porter
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Answer:

Average; Marginal

Step-by-step explanation:

The average tax rate is the tax bill divided by the total taxable income.

Average tax rate= tax bill/ total taxable income

The marginal tax rate is the tax rate the company will pay on the extra dollar of income.

Marginal is the extra dollar or the extra unit. The average is the sum of the bill divided by the total income.

User JiniKJohny
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