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Which of the following is NOT a pillar of character according to the Josephson Institute?
Marginal Tax Rate
The rate of tax applied to your next dollar of income, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
Salvage Value
The forecasted sale price for an asset at the termination of its usability period.
MACRS Depreciation
Modified Accelerated Cost Recovery System; a method of depreciation used for tax purposes in the United States that allows for faster expense deductions.
Working Capital
The difference between a company’s current assets and current liabilities, used to fund the company's day-to-day operations.
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