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The tax in 1862 was collected about the same as it is today except people were only divided into two tax brackets. Citizens were ordered to pay 3% tax if they earned $600 to $10,000 and 5% if they earned more than $10,000. The reason that this income tax was started was to fund the Civil War.
Corrupt Bargain
James Madison
James Buchanan
Daniel Webster
Gross National Product
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
Annual revenue is how much money is made/earned over one year or per year.
80%
No, "annual" means on a yearly basis, while "average" is the mean. For example, annual salary would mean the total salary earned in a year, while average monthly salary would mean the total salary earned in a year divided by 12 months.
Leverage
$60,000,000,000,000,000,000p/m
annual salary
Your annual salary could be any amount. It is the total money earned in any given year.
2.25
I believe this is known as leverage.
Trading is the main way then earned a living.