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THE COLLEGE OF NEW JERSEYTCNJ MAGAZINThe Nursing Shortage Family Values: Love Knows No Boundaries Beyond the Viewbook Telescopes and TV Scripts: Students at Work VO L U M ESIX. NUM B E RON E. AU T
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The co l refers to the cost of living adjustments, which are changes made to income to maintain purchasing power in relation to inflation.
Individuals and entities who are eligible for cost of living adjustments or who are calculating taxes, benefits, or other financial data that are influenced by inflation adjustments are required to file the co l.
To fill out the co l, individuals must gather relevant financial information, calculate the adjustments based on the most recent inflation data, and use the appropriate forms as specified by tax authorities or government agencies.
The purpose of the co l is to ensure that income or benefits keep pace with inflation, thus preserving the purchasing power of the recipients.
The information that must be reported on the co l includes income amounts, previous year's data, the current inflation rate, and calculations of necessary adjustments based on that data.
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