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In Tryouts for the Olympics, a Speed Skater Had Times

question 70

Multiple Choice

In tryouts for the Olympics, a speed skater had times of 44.82, 43.62, 42.64, and 42.29 seconds. Find the average time. ( Hint: Add the numbers and divide by 4.)


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Adjusted Gross Income

An individual's total gross income minus specific deductions, used to determine taxable income.

Itemized Deductions

Specific expenses listed on a taxpayer's return that can reduce taxable income, such as mortgage interest and medical expenses.

High-Income Taxpayers

Individuals who earn income above a certain threshold, which subjects them to higher tax rates.

Limitation

A restriction or cap, especially in the context of deductions or benefits in tax terminology.

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