Examlex
Concepts are the building blocks of:
Gross Income
The total earnings received before any deductions such as taxes, benefits, and expenses.
Taxable Income
The portion of an individual's or entity's income that is subject to taxation by governing authorities.
Tax Table
A chart provided by tax authorities that displays the amount of tax due based on income levels, used to determine tax liabilities.
Single Taxpayer
A filing status for individuals who are unmarried or legally separated and responsible for filing their own tax returns.
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