Intellectual Property Rights Do Not Include

question 48

Multiple Choice

Intellectual property rights do not include:

• A) copyrights.
• B) patents.
• C) generic pharmaceuticals .
• D) trademarks.
• E) all of these are part of intellectual property rights.

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Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower income.

Average Tax Rate

The ratio of total taxes paid to the total taxable income, reflecting the percentage of income that goes to taxes.

Tax-Free

Earnings or financial transactions that are exempt from taxation by the government.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.