Researchers are interested in learning more about the age of women when they marry for the first time so they survey 500 married or divorced women and ask them how old they were when they first married. The collection of the ages of the 500 women when they first married is a .
Definitions:
Taxable Income
The amount of an individual's or company's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.
Standard Deduction
A predefined tax deduction that reduces the income subject to tax, available to all taxpayers who do not itemize deductions.
Joint Return
A tax return filed by a married couple who combine their income, deductions, and credits on a single form.
Taxable Income
Income that is subject to taxation, after deductions and exemptions, according to the tax laws.
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