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Project managers need to be specialists, not generalists.
Gross Income
The total income earned before any deductions or taxes are applied.
Standard Deduction
The fixed amount the IRS allows taxpayers to subtract from their taxable income if they do not itemize deductions, differing by filing status.
Exemption
A provision that reduces or eliminates a taxpayer's obligation to pay tax, typically based on certain conditions or qualifications.
Tax Bill
A statement from a government authority specifying the amount of tax owed by an individual or entity.
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