Examlex
Which of the following statements about Facebook is MOST accurate?
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressed as a percentage.
Absolute Tax Payments
The total amount of taxes paid by an individual or entity without considering the tax rate or income.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, with higher earners paying a higher percentage of their income in taxes.
Social Security Tax
Social Security tax is a payroll tax collected to fund the Social Security program, which provides retirement, disability, and survivorship benefits to qualifying individuals.
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