Which of the Following Is a Basic Component of Equity

question 112

Multiple Choice

Which of the following is a basic component of equity theory?

• A) Valences
• B) Referents
• C) Situational constraints
• D) Goal specificity

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Definitions:

Income Distribution

How a nation's total GDP is distributed amongst its population, often used to analyze economic inequality.

Tax Deductible Donation

A charitable contribution that can be subtracted from one's gross income, lowering the taxable income and thus reducing the tax liability.

Marginal Tax Rate

The marginal tax rate is the percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate paid on the last dollar of income.

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total taxes paid by the total taxable income.