Examlex
Explain the limitations for marketers offering e-commerce shopping.
Average Tax Rate
The average tax rate is the percentage of total income paid in taxes, calculated by dividing the total amount of taxes paid by the total income before taxes.
Taxable Income
The portion of an individual's or corporation's income that is subject to income tax after allowances, exemptions, and deductions.
Taxable Income
The portion of an individual's or corporation's income used as a basis to calculate how much they owe in taxes to the government.
U.S. Tax Court
A federal court that hears and adjudicates tax-related disputes and issues between taxpayers and the Internal Revenue Service (IRS).
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