Question

under piecemeal distribution _________ taxes will always be paid first

Answer 1

Explanation:

refer the answer given above

Answer 2

Answer:

Statutory tax

Explanation:

The statutory tax rate is the legal rate levied on taxable income that falls inside a specific tax category. The effective tax rate is the proportion of income actually paid by an individual or an after-tax business advantages are deducted (including loopholes, deductions, exemptions, credits and preferential rates).

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