Which one of the following terms is defined as the total tax paid divided by the total taxable income?
a. average tax rate
b. variable tax rate
c. marginal tax rate
d. absolute tax rate
e. contingent tax rate
Ans: a. average tax rate
Business
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Ellis, a manager at an MNE, is studying international trade theories. In his current position, Ellis would most likely use this knowledge to ________
A) lobby for trade policy changes B) identify promising export and investment opportunities C) predict factors that motivate trade D) analyze foreign exchange markets
Business
The owner of a sole proprietorship is personally liable for the debts of the business, whereas the stockholders of a corporation are not personally liable for the debts of the business
Indicate whether the statement is true or false.
Business