Tax Rate Schedule

Definition of "Tax rate schedule"

Used to compute the tax on a specified taxable income. The marginal tax rate usually increases as the taxable income rises.

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Related Real Estate Glossary terms

Selling Broker (agent)

Holder of a real estate license who solicits a prospective buyer of property and receives a commissi ...

Shakeup

Sudden, drastic change in organization, direction, objectives, strategies, or functioning. It is oft ...

Constructive Receipt

Specific date determined by the Internal Revenue Service on which a beneficiary has received a death ...

Sliding Scale Commission

Percentage that has an inverse relationship to the loss experience on the business brought in. For e ...

Unilateral Contract

An agreement in which one individual or business agrees to do or not do something in return for the ...

Stated Amount Endorsement

Addition to a property policy providing coverage for a specified amount. This endorsement is typical ...

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