Examlex
Which of the following statements about plain-text résumés is true?
Taxable Income
The portion of an individual's or entity's income used to calculate how much tax they owe to the government in a given tax year.
Deductions
Amounts that can be subtracted from total income for tax purposes, effectively reducing the taxable income.
Exemptions
Provisions that allow individuals or entities to be relieved from an obligation, such as taxes, previously imposed on them.
Corporate Income Taxes
Taxes imposed on the net income (profits) of corporations by the government.
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