Match Each Term with the Correct Statement Below

question 138

Multiple Choice

Match each term with the correct statement below.
-Fraudulent methods are used to reduce the actual tax liability.

• 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:

Services Provided

Activities performed by a company or an individual to fulfill the needs or requirements of its customers, without resulting in the ownership of any physical products.

Billed

The process of sending or presenting an invoice to customers for goods or services provided.

Customers

Persons or organizations that buy products or services from a company.

Supplies Account

An account that tracks the cost of supplies consumed or on hand.