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Which of the following is NOT true of tsunamis?
Capital Gain
The profit earned from the sale of an asset that has increased in value over its purchase price, often applied to stocks, bonds, and property.
Stockholder Basis
The amount invested in a company's stock, used for tax purposes to determine gain or loss on the sale or disposition of the stock.
Taxable Income
The sum of earnings that determines the tax liability of a person or business to the government, once all deductions and exemptions have been applied.
Charitable Contribution
A donation or gift to a non-profit organization or charity that is often tax deductible for the donor.
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