Evaluate the Expression $$\left[ - \frac { 3 } { 8 } - \left( - \frac { 1 } { 4 } \right) \right] - \left( \frac { 3 } { 2 } - \frac { 7 } { 8 } \right)$$

question 567

Multiple Choice

Evaluate the expression.
- $$\left[ - \frac { 3 } { 8 } - \left( - \frac { 1 } { 4 } \right) \right] - \left( \frac { 3 } { 2 } - \frac { 7 } { 8 } \right)$$

• A) \(\frac { 1 } { 2 }\)
• B) \(- \frac { 5 } { 4 }\)
• C) \(- \frac { 3 } { 4 }\)
• D) 0

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Definitions:

Tax Evasion

The illegal practice of not paying taxes by not reporting income, reporting expenses not legally allowed, or by not paying taxes owed.

Corporate Profits Tax

A tax imposed on the income or profit earned by corporations.

Equilibrium

A state of balance or stability within a system, where all forces acting upon the system are equal and opposite, leading to no net change.

Tax Incidence

The study of who ultimately bears the burden of a tax, which can differ from who the tax is initially levied upon.