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Sample Essay – Personal Finance

All the regular expenditure such as for food, shelter and clothing should be planned in advance. In order to cover such expenditure there should be some kind of regular income i.e. from salary and wages or any other source of employment and generation of income to cover personal needs. On these earnings of the employee and the employer , the government charges income tax. In case of an individual this tax is comparatively easy to calculate, but in case of corporations and big businesses, professional tax managers are hired, who are professionals in tax accounting……..

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