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Amanda is 6 days old.Which of the following statements is TRUE about Amanda's hearing?
Current Tax Liability
The amount of income taxes a company is obligated to pay to governmental authorities within the next fiscal period.
Tax Deductible
Tax deductible refers to certain expenses or investments that can be subtracted from gross income to reduce the amount of income subject to tax.
Depreciation
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to use and wear and tear.
Income Tax Rate
The percentage at which an individual or corporation is taxed on their income.
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