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Why did Sir Walter Ralegh give the name "Virginia" to the land he was granted for a colony in North America?
Marginal Rate
The rate at which the cost or value of something changes with a one-unit increase in quantity or production.
Taxable Income
The amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing total taxes paid by total income.
Tax Structure
The system or framework of how taxes are imposed in an economy, including rates, bases, and who is taxed.
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