Examlex
There are _____ types of identify theft, _____.
Taxable Income
The portion of an individual's or entity's income that is subject to taxation after allowances, exemptions, and deductions.
Tax Liability
The total amount of taxes owed by an individual, corporation, or other entity to tax authorities.
Taxable Income
The amount of an individual's or entity's income used to determine how much tax is owed to the government.
Permitted Deductions
Allowable subtractions from gross income that reduce taxable income, as defined by tax laws.
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