PROGRESSIVE TAX Definition

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PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

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LIMIT TEST is a computer program step that compares data with predetermined limits as a reasonableness test, e.g. number of hours worked over 40 per week.

RISK is the measurable possibility of losing or not gaining value. Risk is different from uncertainty. Uncertainty is not measurable.

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