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A note payable can be used to extend the payment due on an account payable.
High Income
Refers to earnings that significantly exceed the average or median income level within a specific region, industry, or demographic segment.
Double-Taxation
The taxation of the same income or financial transaction at two different levels, such as corporate profits and then again when distributed as dividends to shareholders.
Saving
Saving refers to the portion of income that is not spent on current consumption but preserved for future use, often by depositing in banks or investing.
Lower Incomes
Refers to the segment of the population or individuals who earn comparatively less money relative to the median income.
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