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If two light bulbs are wired in series and one bulb burns out, the other bulb will ____.
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Taxable Income
The amount of an individual's or corporation's income used to determine how much tax is owed, after all deductions and exemptions.
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The percentage of income that is paid in taxes, calculated by dividing the total tax amount by the total income.
Total Tax
The sum of all taxes owed by an individual or entity to the government in a fiscal year, including federal, state, and local taxes.
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