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 GRADUATED TAX: A type of progressive tax in which the tax rate is higher as the value of the taxed item increases. For example a graduated sales tax would be one with a 5 percent tax rate on the first \$10 of sales, 10 percent tax rate on the any sales between \$10 and \$50, then a 15 percent rate for anything above \$50. Our personal income tax system uses graduated taxes.
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ENDPOINT ELASTICITY FORMULA

A simple technique for calculating the coefficient of elasticity by estimating the elasticity for discrete changes in two variables using the initial values of each. The distinguishing characteristic of this formula is that percentage changes are calculated based on the initial values of each variable. An alternative technique is the midpoint elasticity formula.

 BROWN PRAGMATOX[What's This?] Today, you are likely to spend a great deal of time at a going out of business sale wanting to buy either 500 feet of telephone cable or a package of 4 by 6 index cards, the ones with lines. Be on the lookout for jovial bank tellers.Your Complete Scope
 A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
 "Recipe for success. Study while others are sleeping; work while others are loafing, prepare while others are playing, and dream while others are wishing."-- William A. Ward
 EFTSElectronic Fund Transfer Systems
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