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The assumption that nothing changes except the factor being studied is
Adjusted Gross Income
An individual's total gross income minus specific deductions, crucial for determining taxable income and eligibility for certain tax benefits.
AGI
Adjusted Gross Income, calculated as gross income minus certain adjustments, serving as the basis for various tax calculations.
Self-Employment Tax
A financial charge on self-employed persons to fund their Social Security and Medicare benefits.
Net Earnings
The amount of income generated after deducting the costs, expenses, and taxes from total revenue. It represents the actual profit of a business.
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