Examlex
Four-year-old Simka is sociable and good at regulating her emotions. She is likely to __________ when she observes distress.
Deductions
Items of expenditure that the tax code allows taxpayers to deduct from income to arrive at taxable income.
Taxable Income
The portion of an individual's or company's income used as a base to calculate the amount of tax owed to the government.
Dependency Exemption
A tax exemption for taxpayers who support dependents who cannot fully support themselves.
Straight-Line Depreciation
A technique for distributing the expense of a physical asset evenly across its lifespan in yearly increments.
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