Examlex
Inheritance is one of the major advantages of using the object-oriented model.
Deduction
An expense that can be subtracted from taxable income, reducing the total amount of tax owed.
Single Taxpayer
A filing status for individuals who are unmarried and do not qualify for any other filing status on their tax returns.
W-2 Income
Earnings reported on a Form W-2 by employers, indicating the total wages paid and taxes withheld for an employee.
Income Tax
A tax imposed by governments on individuals or entities based on their income or profits.
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