Examlex
Which of the following groups have the least amount of confidence in the courts?
Liabilities
Financial obligations or debts that a business or individual owes to others.
Assets
Resources owned by a business or individual that have economic value and can provide future benefits.
Taxable Income
The portion of an individual's or organization's income that is subject to taxation by governing authorities.
Horizontal Equity
Horizontal equity is a principle in taxation that dictates that individuals with similar income and assets should pay the same amount in taxes.
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