Examlex
The Securities and Exchange Commission (SEC)is the governmental agency that monitors the stock market and the financial reporting of publicly held companies.
Proportional
Pertaining to a relationship or situation where two quantities vary directly with each other.
Taxable Income
The amount of income that is subject to taxation, after all allowable deductions, credits, and exemptions.
Total Income
The sum of all earnings received by an individual or entity, encompassing wages, salaries, profits, rents, and other forms of earnings.
Progressive Tax
A taxation system where the tax rate increases as the taxable amount or income increases, placing a higher burden on wealthier individuals.
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