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What are three things to measure for in evaluating the performance of the capital markets?
Gross Wages
Gross Wages refer to the total amount of compensation earned by an employee before any deductions or taxes are taken out.
Net Wages
The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been subtracted.
Allowance or Exemption
A reduction in the amount of income that is subject to tax, or a legal deduction from reported income to reduce taxable income.
Nontaxable
Income or transactions that are not subject to taxation by government authorities.
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