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Gross Income
The total income earned by an individual or a business before any deductions or taxes are applied.
Form 1040EZ
A simplified tax form for individual federal income tax returns filed with the IRS, designed for taxpayers with basic tax situations.
Tax Tables
Charts provided by the IRS that display tax rates and thresholds for different filing statuses and income levels to calculate tax liability.
Sixteenth Amendment
An amendment to the U.S. Constitution that allows Congress to levy an income tax without apportioning it among the states or basing it on the U.S. Census.
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