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What happens as you start to add heat to a solid substance?
Standard Deduction
A set amount that reduces the income subject to tax, which taxpayers can claim on their tax return, as an alternative to itemizing deductions.
Exemption
A deduction allowed by law to reduce the amount of income that would otherwise be taxed.
Property Taxes
Property Taxes are levies on property owned by individuals or other legal entities, usually based on the value of the property.
Valuation Rate
A rate used to estimate the current value of assets or liabilities for purposes of financial reporting or appraisal.
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