Examlex
Use mathematical induction to prove that the statement is true for every positive integer n.
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Business Property
Assets owned by a business, including physical property like real estate and equipment, as well as intangible assets like intellectual property.
Benefits-Received Principle
A theory in taxation that believes individuals should be taxed based on the level of government services they consume.
Marginal Tax Rates
The rate at which an additional dollar of income is taxed, demonstrating the progressive nature of income taxation.
Average Tax Rates
The ratio of the total amount of taxes paid to the total income, indicating the percentage of income that goes towards taxes.
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