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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
For tax years from 2018 through 2025, individuals are allowed a deduction of [ 20% | 25% ] of qualified business income.
Redistributing Income
The process of reallocating wealth and income across a society, typically through taxation and government programs, to reduce economic inequality.
Show of Generosity
A display or act where someone gives something or offers help to others without expecting anything in return.
Monetary Profit
Financial gain achieved when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the operation.
Adequate Standard
A benchmark or level of quality deemed acceptable or sufficient for its intended purpose, often used in contexts related to living conditions, performance, or regulatory compliance.
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