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When it is well managed,conflict can have which of the following positive outcomes?
Individual Income Taxes
Taxes that governments impose on the financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine their tax obligations.
Budget Deficit
A situation where government spending exceeds its revenues within a specific period, leading to borrowing or depletion of reserves.
Budget Surplus
A situation where a government's revenue exceeds its expenditures during a specific period of time.
Tax Liability
The total amount of tax owed to a taxing authority, such as the government, based on taxable income and tax rate.
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