Examlex
When using the cost approach to valuation,current market data for land values must be obtained.
Proportional
A relationship or ratio between two quantities where they change at the same rate.
Tax Rate
The proportion of income that a person or business must pay in taxes.
Digressive
Characteristics of a process or system that decreases in intensity or rate as it progresses.
Social Security (FICA) Tax
A mandatory payroll tax funded by both employers and employees to finance Social Security benefits.
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