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Discuss the three key principles of restorative justice.
Taxable Income
The amount of an individual's or corporation's income used to determine how much tax is owed to the government in a given tax year.
Schedule L
Schedule L is a tax form used by certain businesses to report their balance sheet details to the IRS, including assets, liabilities, and equity.
Schedule M-1
A form used by corporations filing U.S. federal corporate income taxes to reconcile financial statement income with tax return income.
Total Receipts
The total amount of money received by a business during a specific period, including sales, income, donations, and other forms of revenue.
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