Examlex
What is the probability of winning four games in a row,if the probability of winning each individual game is 1/2,independent of each other game?
Taxable Income
The portion of income upon which tax is owed, calculated by subtracting allowable deductions from gross income.
Married Taxpayers
Individuals who are married and may choose to file joint or separate income tax returns.
Filing Jointly
A tax filing status that allows married couples to file their taxes together, combining their income and deductions, potentially leading to lower tax liability.
Tax Credit
An amount subtracted from the income tax owed; the most popular credits are the Child Care Tax Credit and the Earned Income Credit.
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