Examlex
Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
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Corporate Profits Tax
A tax imposed on the profits earned by corporations, factoring in their revenue minus expenses and deductions.
National Debt
The total amount of money that a country's government has borrowed through issuing securities and not yet repaid, often as a result of spending more than it receives in taxes.
Budget Balancing
The process of adjusting government spending and revenue to ensure that the budget is not in deficit, aiming for a balanced budget.
Federal Budget
An itemized plan for the annual public expenditures of the United States, detailing government spending and revenue.
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