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Briefly describe the five key traits in the Big Five personality model.
Schedule A
An itemized deductions form where taxpayers list eligible expenses to reduce their taxable income, including medical, taxes paid, interest, gifts to charity, and casualty losses.
Foreign Tax Credit
A permanent tax credit for income taxes handed over to an overseas authority as a consequence of foreign income tax deductions.
Appreciated Capital Gain Property
Property that has increased in value over time, where the capital gain realized from its sale is taxed at a possibly reduced rate depending on the duration of ownership.
Tax-Exempt Status
A designation that allows an organization or entity to be exempt from federal income tax under certain sections of the Internal Revenue Code.
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