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The employees' union and the management at Rexen Inc.enter into a contract,which requires Rexen to improve its facilities and to ensure the safety of its employees.However,a few months later,the employees observe that the conditions have remained the same and that management has not taken any steps to revamp its systems.As a result,the union files a case against Rexen for violating the terms of their contract.In order to resolve this issue,the union and Rexen will both have to participate in a process for resolving conflicts,known as _____.
Tax Incidence
The degree to which a tax falls on a particular person or group.
Burden of a Tax
The economic impact of a tax on the welfare of buyers or sellers, often depending on the relative elasticities of demand and supply.
Taxable Income
The amount of an individual's or a company's income used to determine how much tax is owed to the government.
Progressive
Pertaining to a taxation system where the tax rate increases as the taxable amount increases, aiming for a more equitable distribution of wealth.
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