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The Knowledge Gained from Basic Research Has Rarely Been Applied

question 3

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The knowledge gained from basic research has rarely been applied to improving our lives.

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Definitions:

U.S. Tax Court

A federal court that provides taxpayers a venue to dispute tax assessments made by the Internal Revenue Service.

Form 1040EZ

A simplified tax form for U.S. taxpayers with straightforward tax situations, but it was phased out after the 2017 tax year.

Taxpayer

A taxpayer is an individual or entity that is obligated to pay taxes to a federal, state, or municipal government body, based on earned income, property ownership, or consumption of goods and services.

Interest Income

Income earned from lending funds or depositing funds in interest-bearing accounts, subject to taxation.

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