Examlex
Of the four sources of external funding for nonfinancial businesses,the least often used in the U.S. is
Tax Liability
The cumulative taxes that must be paid to a taxing authority by an individual, corporation, or other legal entity.
Married Couple
Married Couple refers to two individuals who are legally married to each other and are recognized as a married pair for legal and tax purposes.
Taxable Income
The portion of an individual’s or entity's gross income that is subject to taxes, after accounting for deductions and exemptions.
Dependency Exemption
A tax deduction available to taxpayers for each qualifying dependent, reducing the taxable income. It has been suspended for tax years 2018 through 2025 under the 2017 Tax Cuts and Jobs Act.
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