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What are the disadvantages of a time-share?
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.
Average Tax Rate
The portion of total income that is paid in taxes, calculated by dividing the total tax paid by the taxpayer’s total income.
Tax Liability
The total amount of tax that an individual, corporation, or other entity is legally obligated to pay to a taxing authority.
Taxable Income
The portion of an individual's or company's income used to calculate how much tax they owe to the government.
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