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In a multiple regression analysis involving 15 independent variables and 200 observations, SST = 800 and SSE = 240. The coefficient of determination is
Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.
Remaining Tax
The portion of tax liability that remains unpaid after all payments and credits have been applied, effectively the balance due.
Multiple Support Agreement
An agreement that allows multiple taxpayers who support a dependent together to decide who among them gets to claim the tax benefits for that dependent.
Dependent
An individual, usually a child or spouse, who relies on another, often the taxpayer, for financial support and for whom exemptions may be claimed.
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