A Fact Is the Confirmation or Validation of an Event

question 210

True/False

A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books.

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Definitions:

Average Tax Rate

The fraction of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Legal Obligation

A requirement by law for an individual or entity to follow certain conduct or make certain payments.

Balance Budget

A financial plan or policy where total revenues are equal to or greater than total expenditures.

Tax Receipts

The total amount of money received by the government from taxes, serving as a primary source of revenue.