An Estimate of the Land and Water Area That Is

question 57

Multiple Choice

An estimate of the land and water area that is required to produce all of the goods that an individual consumes and all of the waste that they generate is called

• A) smart growth.
• B) an ecological footprint.
• C) demographics.
• D) biodiversity.

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Definitions:

Total Tax

The combined amount of all taxes imposed by different levels of government on individuals or businesses.

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.

Taxable Income

The amount of an individual's or a corporation's income used to determine how much tax they owe, after exemptions and deductions are factored in.

Marginal Tax Rate

The rate of tax applied to the next dollar of taxable income, indicating the percentage of any additional income that will be taken as tax.