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When Interest Rate Parity (IRP) does not hold
Country
A separate geographical area or political unit acknowledged as a sovereign state.
Taxable Income
The amount of income that is subject to income tax after deductions and exemptions.
Personal Income Tax
a tax levied on the income of individuals or households, typically at a progressive rate.
Dependent Children
Individuals, typically under the age of 18, who rely on their parents or guardians for financial support and care.
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