Examlex
According to the text, which of the following is NOT a characteristic of graduate training in clinical psychology that applicants should take into account?
Personal Use
The use of a property or asset for individual needs or enjoyment, as opposed to business or income-producing purposes.
Royalty Income
Income received from the use of one's property or assets, such as patents, copyrighted works, or natural resources, by another party.
Fair Value
Fair Value is the estimated market price of an asset or liability, reflecting the price at which an informed transaction would take place between willing participants.
Tax Purposes
Refers to the specific motives or reasons related to computing taxable income, determining tax liabilities, and fulfilling tax reporting requirements under the law.
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