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Which is the correct order of generations in the United States?
Tax Rate
The proportion of income that is taken as tax from a person or business.
Goodwill
An intangible asset that arises when a company acquires another business for more than the fair value of its net assets, representing future economic benefits.
Deferred Income Tax Liability
A financial accounting term representing taxes that are owed but not yet paid, resulting from temporary differences between the IRS and accounting methods.
Income Tax Rate
The fraction of one's earnings or a company's profits that must be paid in taxes.
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