Examlex
Identify the letter of the choice that best matches the phrase or definition.
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Income Beneficiary
An individual or entity entitled to receive income from a trust, estate, or other income-generating assets.
Journal Entry
A journal entry is a record of a financial transaction in the accounting system of a business, consisting of debit and credit entries to maintain the double-entry bookkeeping system.
Federal Income Tax
The tax levied by the United States Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.
Dividend Income
Earnings distributed to shareholders from a portion of the company's earnings.
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