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1-Explain the difference between gross income and net income? 2-Besides claiming too few allowances on a W-4, what else can taxpayers do in order to

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1-Explain the difference between gross income and net income? 2-Besides claiming too few allowances on a W-4, what else can taxpayers do in order to guarantee a refund? Why might getting a refund be a bad financial decision? 3-Name three items on which states place an excise tax. 4-Excise taxes are often called "sin taxes." Explain why they are called "sin taxes."

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