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Taxable Income
The amount of income used to calculate how much the individual or company owes in taxes to the government.
Total Taxes
The cumulative amount of state, federal, and other government taxes charged on a company's or individual's income and activities.
Deductible
An amount subtracted from an insurance claim payment.
Residual
The remaining amount left over from an equation or calculation, often referred to in terms of profits or leftovers in financial contexts.
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