Match Each Term with a Statement Below

question 26

Essay

Match each term with a statement below.

-All logic problems can be solved using only these three structures: sequence,selection,and loop.The three structures,of course,can be combined in an infinite number of ways.What are two general ways structures can be combined?

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Definitions:

Vertical Equity

A concept in taxation that argues taxpayers with a greater ability to pay taxes should pay more, compared to those with a lesser ability to pay.

Marginal Tax Rate

The tax rate that applies to the last dollar of the tax base (income or wealth) earned.

Average Tax Rate

The ratio of total taxes paid to total income, representing the percentage of income that goes to taxes.

Income

The money received by a person or household from various sources like work, investments, or benefits, typically used for consumption, savings, and investing.