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Federal Taxes
Taxes imposed by the federal government on income, sales, imports, estates, and gifts.
State And Local Taxes
Taxes imposed by individual states, counties, or municipalities within a country, in addition to federal taxes.
Call Option
A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other assets at a specified price within a specific time period.
Specified Exercise Price
The predetermined price per share at which the holder of an option can buy (call option) or sell (put option) the underlying security.
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