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A feature of debt markets in emerging-market countries is that debt contracts are typically
Payroll Tax
Taxes imposed on employers and employees, typically calculated as a percentage of the salaries that employers pay their staff.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.
Total Income
The sum of all earnings obtained from any source, including wages, rental income, profits, dividends, and interest.
Total Taxes
The cumulative amount of taxes paid by individuals or companies to the government, including federal, state, and local taxes.
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