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Which of the following examples illustrates the personality of a conventional entrepreneur?
Withholding Allowance
An amount claimed on tax Form W-4 that determines how much income tax the employer will withhold from each paycheck. Each allowance claimed (as for a spouse or dependents) reduces the amount of income tax withheld.
Taxable Income
The portion of an individual’s or corporation's income that is subject to taxes by the government.
Withholding Allowance
A claim made by an employee on a W-4 form to reduce the amount of income tax withheld from their paycheck.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxation by the government, after allowances, exemptions, and deductions.
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