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Information That Does Not Fit Our Expectations for a Specific

question 156

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Information that does not fit our expectations for a specific context is likely to be forgotten if:


Definitions:

Taxable Income

The amount of income that is subject to taxation, after all deductions and exemptions are factored in.

Itemized Deductions

Potential reductions to income allowed for certain payments made during the tax year.

Taxable Income

The portion of one's income that is subject to taxes, determined by subtracting allowable deductions and exemptions from the gross income.

Taxable Income

The amount of an individual's or corporation's income that is subject to taxes, after deductions and exemptions.

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