Examlex
Kooky is a company that sells clothes.It has three different retail store formats to serve the varied needs of diverse fashion segments.This is an example of:
Progressive Tax
A taxation system where the tax rate increases as the taxable amount increases, typically structured to impose a heavier tax burden on higher-income earners.
Taxable Income
The portion of income that is subject to taxation after all allowances, deductions, and exemptions are factored in.
Total Tax
The sum of all the taxes levied by different levels of government on an individual or business.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the impact of an additional dollar of income on the amount of taxes owed.
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