A Collection of Frequently Used Styles Is Called A(n)____________________

question 74

Short Answer

A collection of frequently used styles is called a(n)____________________.

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Definitions:

Tax Liability

The total amount of tax owed to the government by an individual, corporation, or other entity for a given period.

Taxable Income

Taxable income is the amount of income subject to tax, after all deductions and exemptions have been accounted for.

Average Tax Rate

the proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.

Average Tax Rate

The portion of total income that is paid in taxes, calculated by dividing the total tax paid by the taxpayer’s total income.