The First Step in an Ethical Algorithm Is to Identify

question 53

True/False

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

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Definitions:

Taxable Income

The portion of income that is subject to taxation after allowances, deductions, and exemptions.

Progressive Taxes

A tax system in which the tax rate increases as the taxable amount increases, meaning higher income individuals pay a higher percentage of their income in taxes.

State and Local Taxes

Taxes imposed by state and local government entities that can include income, sales, and property taxes.

Form 1040EZ

Form 1040EZ was a simplified tax form for individuals without dependents and with an income under a certain threshold; it is no longer in use as of 2018, replaced by the Form 1040.