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A friend comes to you with a problem-she just had an argument with her roommate, and her roommate said some really nasty things to her. Your friend is visibly upset. Which of the following would be most effective in comforting your friend?
Taxable Personal Income
The amount of an individual's income that is subject to taxation after all deductions and exemptions, according to the governing tax laws.
Taxable Income
The portion of an individual's or entity's income used to calculate how much tax they owe to the government in a given tax year.
Deductions
Amounts that can be subtracted from total income for tax purposes, effectively reducing the taxable income.
Exemptions
Provisions that allow individuals or entities to be relieved from an obligation, such as taxes, previously imposed on them.
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