Examlex
An autotransformer uses the same winding as the primary transformer, but does not use the same winding as the secondary transformer.
Taxable Income
The portion of an individual's or corporation's income used to determine how much tax is owed to the government in a specific tax year.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, typically structured to tax higher income earners at a higher rate.
Taxes
Compulsory financial charges or other types of levies imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
Lump Sum Tax
A type of tax that is a fixed amount, no matter the change in circumstance of the taxed entity.
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