Examlex
Which of the following statements is false?
Taxes
Obligatory charges imposed by the government on the earnings of employees, profits of companies, or included in the prices of various goods, services, and transactions.
Income Tax
A tax levied by governments on individuals or entities based on their income or profits.
Taxable Income
The amount of income subject to taxes, after deductions and exemptions, according to the tax laws governing the taxpayer.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on income, property, or sales.
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