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Naked Juice, a subsidiary of PepsiCo, was placed in a negative light when it was revealed that their "Natural" claims on the labels of their Naked Juice products were not necessarily accurate. Synthetic ingredients were detected in the juice. Critics claimed this made the claims of "Natural" deceiving. Naked Juice agreed to remove the claim from its label. Naked Juice was most likely using the word "Natural" on its labels for ___________________ purposes.
Standard Deduction
A fixed dollar amount that reduces the income on which you are taxed, varying by filing status and adjusted each year for inflation.
Joint Return
A combined tax return filed by married partners or certain partners in a civil union, pooling their incomes and deductions.
Taxable Income
Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.
Standard Deduction
A fixed amount that taxpayers can subtract from their taxable income, reducing the tax they owe, without itemizing deductions.
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