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Manuel and Sarah keep a daily log of the times that their baby eats, sleeps, remains awake, and even the baby's excretions.They are keeping track of the baby's
Lump Sum Tax
A type of tax that is a fixed amount, no matter the change in circumstance of the taxed entity.
Horizontal Equity
The idea that taxpayers with similar abilities to pay taxes should pay the same amount
Average Tax Rate
The proportion of total income that is paid as tax.
Income Tax
A tax levied by a government directly on income, especially an annual tax on personal income.
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