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Perspective taking
Interest Income
Income earned from deposit accounts, investments, or loans, often subject to taxation at ordinary income tax rates.
Global Bank
A financial institution that provides a wide range of banking services in multiple countries.
Basic Standard Deduction
represents the portion of income not subject to tax that can reduce the taxable income, set by the IRS, varying by filing status.
Dependent
An individual, typically a child or family member, who relies on another for financial support and qualifies for certain tax benefits.
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