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The process of socialization
Personally Liable
Being personally liable means an individual is legally responsible for fulfilling the obligations of a debt or liability, potentially using personal assets for repayment.
Income Tax-Paying Entity
An individual or organization required to pay taxes to a governmental authority on the income it earns.
Federal Income Tax
Federal income tax is a tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Written Agreement
A legally binding contract that has been documented in writing between two or more parties.
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