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WGU C237 Taxation I definitions Questions 100% Answered
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Horizontal equity -ANSWER similarly situated taxpayers should be treated equally Vertical Equity -ANSWER taxpayers who are not similarly situation should not be treated the same Tax base -ANSWER the amount to which the tax rate is applied to determine the tax due Marginal tax rate -ANSWER the tax rate applied to an incremental amount of taxable income that is added to the tax base average tax rate -ANSWER Total tax liability
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