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Debby,age 18,is claimed as a dependent by her mother.During 2015,she earned $1,100 in interest income on a savings account.Debby's standard deduction is $1,450 ($1,100 + $350).
Invisible Hand
A metaphor introduced by Adam Smith to describe how individuals' pursuit of self-interest can lead to societal benefits through the efficient allocation of resources.
Public Interests
The concerns, values, or benefits that are regarded as important by the general public and are taken into account in social or political decision-making.
Competition
The rivalry among businesses to sell their goods and services to consumers, which can drive innovation and keep prices low.
Soviet Union
A former federative socialist state in Eurasia that existed from 1922 to 1991, known for its communist government.
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