Match each term with the correct statement below.
-The tax rate obtained by dividing total tax liability by economic income.
A) Average tax rate
B) Effective tax rate
C) Horizontal equity
D) Marginal tax rate
E) Progressive rate structure
F) Proportional rate structure
G) Regressive rate structure
H) Tax avoidance
I) Tax evasion
J) Vertical equity
Correct Answer:
Verified
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