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According to Piaget,assimilation Involves

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According to Piaget,assimilation involves


Definitions:

Annual Income

The total amount of money earned by an individual or entity within a year from all sources, including wages, salaries, bonuses, and investments.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer’s income is taxed, indicating the proportion of additional income that is paid in taxes.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation.

Regressive Tax

A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.

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