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Wages
Compensation received by employees for services performed, usually based on hours worked or amount of work done.
Personal Exemption
A specific amount that taxpayers could deduct from their taxable income for themselves and their dependents, applicable in tax years before 2018.
Income Tax Withholding
The practice of deducting income tax from an employee's gross pay on behalf of the government, reducing the amount the employee takes home.
Multiple Support Agreement
An agreement where multiple parties contribute to the support of an individual, allowing one to claim a tax exemption under certain conditions.
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