Problem
Give a numerical example that shows the difference between the average tax rate and the marginal tax rate on a person's income. For a constant before-tax real wage, which type of tax rate most directly affects how wealthy a person feels? Which type of tax rate affects the reward for working an extra hour?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.