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________ policies are used to control the money supply and interest rates.
Book Income
The income of a business reported in its financial statements, different from taxable income reported to the IRS.
Taxable Income
The amount of income used to determine how much tax an individual or a corporation owes to the government, after all deductions and exemptions have been accounted for.
Tax-Exempt
A status that exempts individuals or organizations from having to pay certain taxes.
Tax Liability
The total amount of tax owed to the government by an individual, corporation, or other entity within a given tax period.
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