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Which one of the follow is true about client-server architecture?
Income Tax Liability
The amount of tax that an individual or corporation owes to the government based on their income earnings for the fiscal year.
Deferred Tax Liability
A tax obligation that a company owes but is not yet required to pay, resulting from temporary differences between the company's accounting and tax treatment of assets and liabilities.
Revenue
The total income generated by a company from its normal business operations.
Taxable
Pertaining to income or transactions subject to tax by governmental authorities.
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