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Describe and state the historical significance of the following:
-Pilgrims
Liability
A responsibility or obligation, legal or financial, that arises during the course of business operations.
Negligent Misconduct
Actions or failure to act that demonstrates a careless disregard for the safety or welfare of others, falling below a standard of care.
Willful Misconduct
Intentional wrongdoing or a reckless disregard for the safety and rights of others.
Internal Revenue Code
The comprehensive set of tax laws in the United States that govern federal tax obligations.
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