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Table 12-15
The dollar amounts in the last three columns are the taxes owed under the three different tax systems.
-Refer to Table 12-15.Which of the three tax systems is proportional?
Market Rate
The prevailing interest rate available in the marketplace on investments or loans, determined by supply and demand forces.
Annual Dividend
A distribution of profits to shareholders by a corporation, typically done annually.
Growth of Dividend
The increase in the amount of dividend payments issued by a company over time, reflecting its growing profitability and cash flow.
Cumulative Voting
A voting system that allows shareholders to concentrate all their votes on a single candidate for the board of directors.
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