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For federal and state income tax purpose because of any adjustments, deduction's, exemptions, nonrefundable tax credits, refundable tax credit, additions to tax, etc. before you arrive at the Effective tax rate.

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What is the Direct labor efficiency variance formula?

(actual time * standard rate) - (standard time * standard rate)


What is the name of the tax rate at which additional income is taxed?

Your marginal rate as compared to your effective rate.


What is the marginal tax rate and effective tax rate?

Since deductions and credits (and rates) seem to have an uneven effect, the rate any taxpayer pays on say the first $1 is not the same on the first $1 after $10 mill. The first $ is really not taxed at all, because the benefits, deduction are available that other one may be taxed fully, as all benefits and tax reductions have been expended. That is the marginal rate - the amount you pay on the NEXT $ you earn. The effective rate is the percent derived by taking the total tax actually paid divivded by the total income actually made. Which once again, because of different rates at different income levels, the effects of deductions, credits, maybe Net operating Loss carryforwards, etc., is really an average of everything and not a stated rate. That is the effective rate - the rate the taaxpayer actually pays, all things considered.


What is the current vat rate 2011?

As of 2011, the standard VAT (Value Added Tax) rate in the United Kingdom was 20%. This rate was introduced in January 2011, having been increased from 17.5%. Different rates applied to certain goods and services, such as a reduced rate of 5% for some items and a zero rate for others. Please check for any updates or changes in VAT rates beyond 2011 for the latest information.


What was the vat rate in 1979?

In 1979, the standard VAT rate in the United Kingdom was set at 15%. This rate was introduced in 1973 when the UK joined the European Economic Community (EEC). The VAT rate was later increased to 17.5% in 1991.

Related Questions

How do you calculate the actual labor rate when the standard rate is not given?

The actual rate is the total dollars divided by total hours or pieces. The actual formula is not dependant on any standard rate. The rate variance, however, cannot be determined without the standard rate. The rate variance is the difference between actual rate and standard rate.


Is pulse rate is a repetitive natural phonomena which could serve as resonable time standard?

Pulse rate changes, so it is not a reliable measure of a time standard. It is different for different people too.


What does effective interest rate mean?

An effective annual interest rate considers compounding. When the principle is compounded multiple times each year the interest rate increased to be more than the stated interest rate. The increased interest rate is the effective annual interest rate.


What is Starbucks' Effective Tax Rate?

The effective tax rate of Starbucks in the U.S. is about 32 percent.


What is an sto rate?

Standard Tour Operator rate.


What sto rate?

Standard Tour Operator rate.


A borrower is often confrented with a stated interest rate and an effective interest rate What is the difference and which one should a financial manager recognize as the true cost of borrowing?

A stated interest rate is the rate that is available when you are applying. An effective interest rate is the rate that has been applied to the loan. The true cost of borrowing is the effective interest rate.


What is the Direct labor efficiency variance formula?

(actual time * standard rate) - (standard time * standard rate)


What is the name of the tax rate at which additional income is taxed?

Your marginal rate as compared to your effective rate.


How does literacy rate affect the standard of living?

The higher the literacy rate, the higher the standard of living


What is meant by discount rate?

cheaper than standard rate :)


What the meaning of default rate?

Applying the standard or going rate