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Net Earnings
The amount of income generated after deducting the costs, expenses, and taxes from total revenue. It represents the actual profit of a business.
Qualified Education Loans
Loans taken out solely to pay for higher education expenses that are qualified for tax deductions or preferential tax treatment under U.S. tax law.
Tax Return
A document filed with a state or federal government detailing income earned and taxes owed for the year.
Self-Employment Taxes
Taxes that cover the Social Security and Medicare contributions for individuals who work for themselves.
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