A Database Is a (N)

question 25

Multiple Choice

A database is a (n) :

• A)Set of characters.
• B)Row within a file.
• C)Collection of related records.
• D)Entire set of files.

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Definitions:

Ability-To-Pay Principle

The ability-to-pay principle is a tax theory suggesting that taxes should be levied based on the taxpayer’s capacity to pay, implying that wealthier individuals should pay more in taxes.

Gasoline Tax

A tax imposed on the sale of gasoline, often used by governments to raise revenue and discourage excessive fuel consumption.

Mortgage-Interest Deduction

A tax deduction for mortgage interest paid on the first $750,000 of mortgage debt, available to U.S. taxpayers.

Horizontal Equity

The principle that individuals with similar financial situations should be treated equally by the taxation system.