Define the Following Terms

question 10

Short Answer

Define the following terms
-case study

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Definitions:

Individual Income Taxes

Taxes levied on the income of individuals or households, varying with income levels.

Social Insurance Taxes

Taxes collected by a government to fund social security programs, providing benefits for retirees, the disabled, and the unemployed.

Corporate Income Taxes

Taxes imposed on the net income (profits) of corporations, determined by the law of the country in which the corporation is registered.