Complete the following chart by filling in the missing items.Use a 365-day year.
Definitions:
Tax Burden
The measure of the total amount of taxes paid by individuals or businesses relative to their income, often used to assess the impact of taxation on economic well-being.
Market Prices
Prices determined by the supply and demand for goods and services in a competitive market.
Excise Tax
A tax directly levied on certain goods, services, or activities, often with the aim of discouraging their use or consumption.
Relative Burden
The comparative impact of a tax, cost, or other financial obligation on an individual or group.
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