Examlex
Which of the following is a back-office module in a typical ERP system?
High-Income
A category used to describe individuals or households that earn significantly more money than the average for their area or country.
Low-Income
Refers to individuals or families whose earnings are significantly lower than the average, often defined by government thresholds.
Progressive Tax
A tax system in which the tax rate increases as the taxable base amount increases, meaning higher earners pay a higher percentage of their income in taxes.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of additional income that will be taken as tax.
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