Examlex
Match each term with its corresponding definition.
-Substance produced by the body that destroys or inactivates a specific antigen
Proprietorships
A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.
Corporate Income Tax
A tax imposed on the net income or profit of corporations and other business entities.
Progressive
A tax system where the tax rate increases as the taxable amount increases, making it more burdensome for higher earners.
Excess Burden
The excess burden of a tax is the cost to society in economic welfare that exceeds the revenue raised by the government, often due to distorted market behaviors.
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