Although Corporations Only Represent 18% of the Number of Businesses

question 61

True/False

Although corporations only represent 18% of the number of businesses they account for about 82% of the dollar value of sales.

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Definitions:

Property Taxes

Taxes paid by property owners, usually calculated based on the value of their real estate holdings, to fund local services like education and infrastructure.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to taxation.

Home Equity Loans

A type of loan in which the borrower uses the equity of their home as collateral. These loans are often used to finance major expenses.

APC

Average Propensity to Consume, which is the fraction of income that is spent on consumption rather than savings.