Examlex
Growth of a low-density development of the edge of cities and towns that decreases farmland or forests is referred to as ____________________.
Standard Deduction
The fixed amount the IRS allows taxpayers to subtract from their taxable income if they do not itemize deductions, differing by filing status.
Exemption
A provision that reduces or eliminates a taxpayer's obligation to pay tax, typically based on certain conditions or qualifications.
Tax Bill
A statement from a government authority specifying the amount of tax owed by an individual or entity.
Proration
The allocation or division of financial amounts based on a proportionate distribution, often applied in billing, refunds, or dividends.
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