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Adjusted Gross Income: What It Is and How To Calculate It for Your Taxes
To calculate your AGI, you subtract specific deductions from your gross income. Check Out: What To Do If You Owe Back Taxes to the IRS When you know how to calculate your adjusted gross income ...
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Texas Corporate Tax: What It Is and How It Works
Unlike many states, Texas does not impose a traditional corporate income tax. Instead, it levies a franchise tax, which is a type of gross receipts tax. This means that businesses are taxed based on ...