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Questions and Answers
What is the term used for income subject to individual taxation?
What is the term used for income subject to individual taxation?
- Adjusted income
- Gross income
- Net income
- Taxable income (correct)
Which type of individuals are responsible for independently declaring their taxable income?
Which type of individuals are responsible for independently declaring their taxable income?
- Self-employed individuals (correct)
- Retired individuals
- Government employees
- Students
What is the term for the total income received before any deductions or taxes?
What is the term for the total income received before any deductions or taxes?
- Gross income (correct)
- Taxable income
- Net income
- Disposable income
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