Examlex
Portion cost is the amount of money required to produce one serving of a menu item.
Value-Added Tax (VAT)
A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.
Income Tax
A government levy on individuals' or corporations' earnings.
Marginal Tax Rate
The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.
Lump-Sum Tax
A tax that is a set amount, no matter the taxpayer's income level or economic activity.
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