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Nobel UniversityAssessment Plan 1 Nobel University Assessment Unapproved in August 2022Contents of Table I. Introduction ..........................................................................................................................................................4

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Federal income tax is a tax levied by the federal government on individuals and businesses based on their income.

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The purpose of federal income tax is to fund government programs and services, and to distribute wealth more equitably among citizens.

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You must report your income, deductions, credits, and any other relevant financial information on your federal income tax return.

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