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.

Learn new Accounting Terms

SUPERANNUATION is a. the act of discharging someone because of age (especially to cause someone to retire from service on a pension) or, b. a monthly payment made to someone who is retired from work.

CAPITAL RATIONING is restrictions put of the amount planned for new expenditures.

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