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When is NAD+ reduced to form NADH in glycolysis?
Tax Liability
The complete sum of tax a person or organization is legally required to pay to a tax-collecting body.
Taxable Income
The amount of income used to determine how much tax an individual or business owes, after deductions and exemptions.
Statutory Source
Legal authority for certain rules or regulations; in the context of tax, it refers to laws enacted by a legislative body that dictate tax obligations.
Tax Authority
The governmental agency responsible for the administration of tax laws, collection of taxes, and enforcement of tax regulations.
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