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Given the following table, how many workers should be hired to maximize profits?
Carryover
Unused tax credits or deductions that can be applied to future tax years to reduce tax liability.
Short-term Loss
A loss realized on the sale or exchange of an asset held for one year or less.
Long-term Loss
The loss realized from the sale of an asset held for more than one year, which can offset long-term gains for tax purposes.
Capital Gain
The profit made from the sale of a capital asset, like real estate or stocks, that exceeds the purchase price.
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