Examlex
Suppose a country has a consumption tax that is similar to a state sales tax.If its government were to eliminate the consumption tax and replace it with an income tax that includes an income tax on interest from savings,what would happen?
Interest Amount
The sum paid or charged for the use of money or for borrowing money.
Interest Earned
Interest Earned is the amount of interest received over a period on deposits or investments.
Invested Amount
The sum of money placed into an investment vehicle with the expectation of generating a return.
Payment Extension
A prolongation of the period over which a debt or loan is to be repaid.
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