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26-20 The securities that form a GNMA pass?through are U.S.Treasury bonds,bills,and notes.
Tax Rates
The percentages at which income or value is taxed by governmental authorities, varying by income level, product type, or activity being taxed.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding direct labor and materials.
Future Taxpayers
Individuals or entities that will be responsible for contributing to government revenues through taxes in the future.
Promised Benefits
The guaranteed or expected advantages or returns, often from investments, insurance policies, or employment contracts.
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