Match Each Term with the Correct Statement Below

question 24

Multiple Choice

Match each term with the correct statement below.
-The tax rate obtained by dividing total tax liability by economic income.

• A)Average tax rate
• B)Effective tax rate
• C)Horizontal equity
• D)Marginal tax rate
• E)Progressive rate structure
• F)Proportional rate structure
• G)Regressive rate structure
• H)Tax avoidance
• I)Tax evasion
• J)Vertical equity

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Definitions:

Blended

Combining different elements, materials, or qualities, often to achieve a specific effect or quality.

Empty Nest

The stage in parents' lives when their children have grown up and left home to start their own adult lives, often leading to new freedoms and adjustments.

Family of Orientation

The family into which an individual is born or adopted, encompassing parents and siblings.

Census Family

A unit defined by statistics agencies for the census, usually consisting of a household of related individuals, such as parents and their children.