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Peter was attacked by a black cat when he was young. Due to this, he developed a fear of cats. A few years later, his parents got him a black kitten, and his fear gradually extinguished. On his way to work one day, he saw a black cat running toward him and felt his old fear resurfacing. In this scenario, the recurrence of Peter's fear of cats is known as ________.
Pre-tax Profit
Earnings of a business before any tax is applied; also known as gross profit or operating profit.
C Corporation
A legal structure for a corporation in which the owners are taxed separately from the entity, subject to corporate income tax.
Tax Rate
A percentage at which an individual or corporation is taxed.
Executive
A high-ranking person in a company or other institution, typically responsible for making large corporate decisions.
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