Examlex
Please describe how reflective thinking can help managers meet future challenges such as social media storms in a better way.
Ability-To-Pay Principle
A principle in taxation that holds that taxes should be levied according to an individual's or entity's capacity to pay.
Financial Burden
A financial burden is a substantial monetary load that may come in the form of debt, high costs, or other financial obligations that affect an individual's or entity's budget or financial well-being.
Average Tax Rate
The ratio of the total amount of taxes paid to the total income earned, representing the percentage of income paid in taxes.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes according to federal, state, or local law.
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