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Marginal Tax Rate according to US tax system is: a. Synonymous with average tax rate b. Always more than average tax rate c. Equal or more than average tax rate d. Equal or less than average tax rate
b. Always more than average tax rate
Under Indian Income tax Marginal rate of tax means maximum rate of Tax.
Tax rate for companies and firm-- 30%
Education & Higher Edu. Cess 3%
So. marginal rate of Tax is30.9%
The Answer B
