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Significant modeling by managers primarily requires them to perform the task of:
Taxable
Refers to income or transactions that are subject to tax by governmental entities according to certain rules and regulations.
Prize or Award
Monetary or material value received as a result of winning a contest or receiving an accolade, which may be taxable income.
W-2 Income
Earnings reported through a Form W-2, showing the total income and taxes withheld from an employee's paycheck by their employer.
Impute Interest
The process of assigning an implied interest rate to an interest-free or below-market interest loan, which then becomes taxable under the Internal Revenue Code.
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