The Development of the Internet Has Given Rise to a New

question 20

Multiple Choice

The development of the Internet has given rise to a new meaning for the expression:

• A)"one world."
• B)"global culture."
• C)"world culture."
• D)"global village."
• E)"small world."

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Definitions:

Taxable Income

The portion of an individual or entity's income used as the basis to calculate how much the individual or entity owes in taxes.

Average Tax Rate

The proportion of total taxable income that individuals or corporations pay in taxes, calculated by dividing the total tax amount by the total income.

Taxable Income

Income subject to tax by federal, state, or local tax authorities.

Gross Income

The total revenue received before any deductions or allowances, typically in the context of business revenues or individual wages before taxes.