Examlex
Instructions: Identify the terms and briefly state their historical significance.
Khanbaliq/Beijing
Personal and Dependency
Terms related to exemptions that can be claimed on tax returns for oneself and for dependents, affecting taxable income.
Exemption
Deductions allowed by law to reduce taxable income based on the taxpayer and dependents.
Married Couple
Two individuals legally united in marriage, whose marital status can affect their tax filings, legal rights, and other societal entitlements.
Tax Liability
The aggregate tax liability of an individual, corporation, or any entity to a tax-collecting agency.
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