Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 1, Problem 1PPT
Summary Introduction

To discuss: The share of taxes paid by the individuals that is fair or not. Also, the percentage of tax paid by top 1 percent of earners, top 5 percent of earners and the lowest 50 percent people and the effect of these to become a successful entrepreneur.

Introduction:

Tax is a compulsory payment to be made by all the income or profit earners of the country to its government as a fraction of their total income earned.

Entrepreneurship refers to the scheme within which individuals tend to set up separate business firms, take the risk individually and enjoy the profit alone.

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