Effective Tax Rate

Business / Taxes / Effective Tax Rate: Your effective tax rate is the rate you actually pay on all of your taxable income. You find your annual effective rate by dividing the tax you paid in the year by your taxable income for the year. Your effective rate will always be lower than your marginal tax rate, which is the rate you pay on the income that falls into the highest tax bracket you reach. For example, if you file your federal tax return as a single taxpayer, had taxable income of $75,000, and paid $15,332 in federal income taxes, your federal marginal tax rate would be 28% but your effective rate would be 20.4%. That lower rate reflects the fact that you paid tax on portions of your income at the 10%, 15%, and 25% rates, as well as the final portion at 28%.

Other Words for Effective

Effective Adjective Synonyms: impressive, remarkable, noticeable, conspicuous, outstanding, striking, powerful, compelling, moving, telling, effectual
Effective Verb Synonyms: effectual, efficacious, productive, capable,eful, serviceable, competent, operative, able, functional, efficient
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Other Words for Rate

Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Earnings Before Interest And, Taxes (EBIT)

Business / Finance / Earnings Before Interest And, Taxes (EBIT): Net income before income tax expense and interest expense. This is a popular measure for comparing the earning power of companies, because it eliminates the impact of capital structure and effective t MORE

Marginal Tax Rate

Business / Finance / Marginal Tax Rate: The tax rate that would have to be paid on any additional dollars of taxable income earned. MORE

Rate Law

Science / Chemistry / Rate Law: A rate law or rate equation relates reaction rate with the concentrations of reactants, catalysts, and inhibitors. For example, the rate law for the one-step reaction A + B rightarrow C is d[C]/dt = k MORE

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