Examlex
The release of an inmate from prison to conditional supervision at the discretion of the parole board is referred to as:
Marginal Rate
The rate at which the cost or value of something changes with a one-unit increase in quantity or production.
Taxable Income
The amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing total taxes paid by total income.
Tax Structure
The system or framework of how taxes are imposed in an economy, including rates, bases, and who is taxed.
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