One of the Most Important Developments in the Internet Age

question 106

Short Answer

One of the most important developments in the Internet age has been the rise of ______ like Facebook and Twitter.

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Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract.

Tax-Oriented Leases

Leasing arrangements designed to pass tax advantages from the lessor, who owns the asset, to the lessee, who uses the asset.

Marginal Tax Rates

The percentage of tax applied to your income for each tax bracket in which you qualify, signifying the rate at which your last dollar of income is taxed.

Residual Value

The estimated value of an asset at the end of its useful life, reflecting what it could be sold for or its salvage value.