Examlex
Who are boomerangs? Explain how a firm can utilize this form of recruitment.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxation by governmental authorities.
Tax-Exempt
Not subject to tax by federal or local governments, often applied to charitable organizations or certain financial earnings.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that is paid in taxes.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), indicating the fraction of income or expenditure paid in taxes.
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