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Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle . It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics. • The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. • Example : Income tax- a progressive tax structure.
Find the approximate value of Question mark(?). There is no requirement to find the exact value.
(2999.77 ÷ 74.85) + (√624.95 × 4.09) = ?
...3.934 - 124.07 + 35.94 + 12.83 of 4.85 - 84.76 ÷ √26 = ?3
90.004% of 9500 + 362 = ?
Find the difference of day had the highest number of books and that of lowest number of books sold?
? = 54.89 × 270.08 ÷ 135.17 + 464.35 ÷ 29.03
784.69 + 86.96 ÷ 29.01 = 40.01 + ? + 367.88
123% of 3825 +2745 =11800 - ?
...(44/25) ÷ (154/199.5) × 419.91 = ? – (11.11)3
9.992 + (6.01 × 7.98) + ? = 320.03