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Factor the following expression:
Deductions
Expenses subtracted from gross income to determine the taxable income.
Excise Tax
A tax levied on certain goods, services, and activities, such as tobacco, alcohol, and fuel, usually to discourage their consumption and raise government revenue.
Local Property Tax
A tax assessed on real estate properties, usually levied by local government entities such as cities or counties.
Salary
A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.
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