Sin Tax Definition.

A sin tax is a tax imposed on certain goods and services that are considered harmful to society. The most common examples of sin taxes are those imposed on tobacco and alcohol. The rationale behind sin taxes is that they will discourage people from consuming these harmful products and, in turn, improve public health. Some … Read more

Annualized Income.

Annualized income is the total income that an individual earns in a year. This includes income from all sources, including wages, investments, and other sources. What does annualized salary mean? Annualized salary means the total amount of money that a person earns in one year. This includes all forms of income, such as wages, salary, … Read more