Examlex
VR stands for
Income Tax Schedule
A chart that delineates the tax rates applicable to different levels of income, used to calculate taxes owed.
Average Tax Rate
The fraction of total income that an individual or entity pays in taxes, calculated by dividing total taxes by the total taxable income.
Taxes
Compulsory financial charges or levies imposed by a government on its citizens to fund public expenditures.
Civilization
A complex human society characterized by the development of cities, social stratification, and a variety of cultural and technological advancements.
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