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The following systems flowchart segment depicts a data entry clerk keying data from a source document into a business event data store. Which statement is correct?
Schedule A
A form used in the U.S. to itemize deductions for taxes, including medical expenses, state and local taxes, and charitable contributions.
Personal Property Taxes
Taxes levied by local governments on the value of personal property such as vehicles, boats, and equipment.
FICA Taxes
Federal taxes required to be deducted from employees' wages for Social Security and Medicare, also paid in part by employers.
Adjusted Gross Income
The measure of one's taxable income, calculated as gross income minus allowable adjustments.
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