Examlex
A child on a swing set swings back and forth.If the length of the supporting cables for the swing is 4.9 m,what is the period of oscillation?
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the percentage of additional income that is paid in tax.
Efficiency
The optimal use of resources to achieve the best possible outcome or output with minimal waste.
Equity
Equity refers to fairness or justice in the way people are treated and involves ensuring equal opportunities and rights for all individuals.
Benefits Principle
A theory in taxation where taxes are apportioned according to the benefits received by taxpayers; those who benefit more from government services, pay more taxes.
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