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Homogenization is just one of the effects of globalization on cultures around the world. Define homogenization and give at least three examples of it. Are there aspects from other cultures that you now see as part of your own culture? If so, please provide at least two examples. Do you think that globalization will indeed cause the homogenization of world cultures in the future? Why or why not?
Total Income
The aggregate amount of income earned by an individual or entity from all sources before any deductions or taxes.
Deductions
Expenses that can be subtracted from gross income to reduce taxable income, such as mortgage interest, medical expenses, and charitable contributions.
Tax Credit
A direct reduction in tax liability, not merely a reduction in taxable income, that can decrease the amount of taxes owed.
Tax Deduction
A reduction in taxable income for certain expenses, allowing individuals or entities to pay less tax.
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