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Mars is an independent distributer that distributes goods, such as keyboards, monitors, and computer cabinets to various business users. The company takes legal possession of the goods it distributes. The company warehouses the products, ships them to its customers, provides promotional assistance to the manufacturers, provides product repairs, and credit to customers. It is evident that Mars Inc. is a _____.
Tax System
The organized method by which a government collects taxes from its citizens and businesses to fund public services and infrastructure.
Revenue
The total income generated by a business or organization from its activities, before any expenses are deducted.
Proportional Tax
A tax system where the tax rate is fixed and applied equally to all income levels, resulting in taxpayers paying the same percentage of their income regardless of earnings.
Progressive Tax
A tax system in which the tax rate increases as the taxable income or amount increases.
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