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Tax Liability
The total amount of taxes owed by an individual, corporation, or other entities to the taxing authority.
Qualified Dividends
Dividend payments received from shares of stock held for a certain period of time which are taxed at the lower capital gains tax rate rather than ordinary income tax rates.
Taxable Income
The portion of an individual's or entity's income subject to taxation after all deductions and exemptions.
Taxable Income
The portion of income that is subject to tax, after accounting for deductions and exemptions.
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