Examlex
Which of the following is an effect of urbanization?
Marriage Penalty
A situation in the tax code where married couples end up paying more combined tax than they would as two single individuals.
Taxable Income
The amount of an individual's or corporation's income used to determine how much tax is owed to the government.
File Jointly
The process by which a married couple combines their income and deductions to file a single tax return.
Adjusted Gross Income
Total income minus specific deductions, used to determine taxable income on an individual's tax return.
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