Examlex
Match each term below with its description.
-Set of responsibilities or expected results associated with a job; descriptions are broad in scope
Average Tax Rate
Average Tax Rate is the proportion of the total income paid as taxes, calculated by dividing the total taxes by the total taxable income.
Total Taxes
The combined amount of all the taxes imposed by a government on an individual or business, including income tax, property tax, sales tax, etc.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing the total tax paid by the total income.
Total Income
The sum of all earnings obtained by an individual, household, or firm, including wages, salaries, profits, rents, and other forms of revenue.
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