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Why is water considered an unusual molecule?
Tax Authority
The governmental agency responsible for the administration of tax laws, collection of taxes, and enforcement of tax regulations.
Internal Revenue Code
The federal statute that codifies all the United States tax laws, including income tax, payroll tax, gift tax, estate tax, and many other types of taxes.
Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority based on income, property value, transactions, or other taxable events.
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Individuals who receive income in the form of wages, salaries, or tips from employment.
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