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Before the Colombian Exchange and contact with the Old World,the people of the Americas practiced
Bad Debt Reserve
An account set aside by a business to cover unpaid debts that are unlikely to be recovered.
Accounts Receivable
Money owed to a company by its customers for products or services that have been delivered but not yet paid for.
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.
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