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Figure 24.1
Identify the labeled structure(s) in each of the following questions.
-Identify the structure(s) indicated by Label M.
Taxation Principle
The guidelines governing how taxes should be levied on individuals and businesses in a fair and efficient manner.
Tax Revenue
The income that is gained by governments through taxation from individuals and businesses.
Economic Income
The total value of all income generated by the assets of an individual or organization, including both realized and unrealized gains.
Net Worth
The total value of an individual's or organization's assets minus their liabilities.
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