Credit (Risk) Analyst Question: Download Credit (Risk) Analyst PDF
Explain me what is a 'Tax Bracket'?
Answer:
A tax bracket refers to a range of incomes that are subject to a certain income tax rate. In most income tax systems, low incomes fall into tax brackets with relatively low income tax rates, while higher earnings fall into brackets with higher rates. Tax brackets help create progressive income tax schedules.
Previous Question | Next Question |
Explain me what is 'Personal Income'? | Explain me what is 'Risk Analysis'? |