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Refer to the figure below showing a community containing voles,grass,owls,and foxes.In this community,interactions determine the number of voles.What would initially happen to this community if foxes were removed?
Federal Income Tax
Tax levied by the national government on the annual income of individuals, corporations, trusts, and other legal entities.
Income Distribution
How a nation's total GDP is distributed amongst its population, often used to analyze economic inequality.
Tax Deductible Donation
A charitable contribution that can be subtracted from one's gross income, lowering the taxable income and thus reducing the tax liability.
Marginal Tax Rate
The marginal tax rate is the percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate paid on the last dollar of income.
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