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Regarding the forgetting of information, which of the following statements is FALSE?
Government-Run Businesses
Enterprises or organizations that are owned and operated by the government rather than by private individuals or other businesses.
Personal Income Tax
A tax levied on the taxable income of individuals, households, and unincorporated firms.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes, determined by subtracting allowable deductions from gross income.
Deductions
Expenses that can be subtracted from gross income to determine taxable income, thereby potentially reducing the amount of taxes owed.
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