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At the Higher Levels of Management, the Four Roles That

question 7

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At the higher levels of management, the four roles that are the most important include::


Definitions:

Personal Exemption

A specific amount that taxpayers could previously subtract from their gross income for themselves and each of their dependents. Note: As of my last update, changes in tax law may have affected this term.

Estate Income Tax

A tax imposed on the income generated by an estate during the period of administration.

Administering Estate

The process of managing and settling the affairs of a deceased person's estate, including distributing assets according to the will or law.

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