Examlex
The purpose of inferential statistics is to make inferences about characteristics of the population from which the data were drawn.
Single Taxpayer
A filing status for unmarried individuals that allows them to report their income and deductions on their federal tax return.
Wages
Compensation received by employees for services performed, usually based on hours worked or amount of work done.
Personal Exemption
A specific amount that taxpayers could deduct from their taxable income for themselves and their dependents, applicable in tax years before 2018.
Income Tax Withholding
The practice of deducting income tax from an employee's gross pay on behalf of the government, reducing the amount the employee takes home.
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