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Economics is most precisely defined as
Head of Household
A tax filing status for an unmarried individual who pays more than half the cost of maintaining a home for themselves and a qualifying person.
Married Taxpayers
Individuals who are legally married and may choose to file income tax returns jointly or separately.
Dependents
Individuals, typically family members, who rely on another person, usually the primary earner, for financial support.
Taxable Income
The portion of income upon which tax is owed, calculated by subtracting allowable deductions from gross income.
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