For the Equation Complete the Given Table

question 70

Essay

For the equation complete the given table.

---

Definitions:

Federal Income Tax

A tax levied by the federal government on individuals' and corporations' yearly income.

Payroll Tax

Taxes imposed on employers and employees, typically calculated as a percentage of the salaries that employers pay their staff.

Benefits Principle

A tax principle stating that those who benefit from government services should pay in proportion to the amount they benefit.

Ability-To-Pay

A principle in taxation that suggests taxes should be levied according to the taxpayer's ability to bear the tax burden.