Choose the Word or Phrase in [ ] Which Will

question 138

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Typically,your salary will be [higher | lower] if you live in a large metropolitan area rather than a small town or rural area.

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Definitions:

Tax

Compulsory payments made to the government, imposed on earnings from employment and profits from businesses, or included in the price of certain goods, services, and dealings.

Arthur Laffer

An economist known for the Laffer Curve, which postulates a relationship between tax rates and tax revenue, suggesting there exists an optimal tax rate for maximizing revenue.

Tax Rates

The fraction of earnings on which a person or corporate entity must pay taxes.

Tax Revenue

The funds that governments garner from taxing activities.