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Which of the following statements about using 360-degree feedback is true?
Property Taxes
Taxes paid by property owners based on the assessed value of their real estate.
Gross Income
The total income from all sources before any deductions or taxes are taken out.
Standard Deduction
A fixed amount deducted from a taxpayer's income to reduce taxable income, not requiring itemization.
Taxable Income
The amount of income that is subject to taxation, after all deductions and exemptions are factored in.
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