Examlex
A ________ is a field that can be derived from other database fields.
Tax Bill
The total amount of tax owed by an individual or corporation to a taxing authority, after all deductions, credits, and exemptions.
Take-home Pay
The amount of income left after deductions such as taxes and social security contributions have been subtracted from an individual's gross salary.
Taxes Combined
A calculation that aggregates all applicable taxes (federal, state, local) on an individual or entity's income.
Effective Tax Rate
The average percentage of income paid to the government in taxes, considering all deductions and credits.
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