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Identify/define and explain the significance of the following: Royal Society of London.
Insurance Premiums
The amount paid by an individual or business for insurance coverage, typically charged monthly or annually.
Deducted
The process of subtracting an amount from a total, especially from taxable income or expenses.
Insurance Premiums
Payments made regularly to an insurance company in exchange for coverage.
Dependent
An individual who relies on another, typically a family member, for financial support and can often be claimed for tax purposes.
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