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If a persons annual salary is Rs. 60,000 and they contribute Rs. 5,000 to a retirement account that is tax-deductible, what is their taxable income?a)Rs. 55,000b)Rs. 60,000c)Rs. 65,000d)Rs. 70,000Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If a persons annual salary is Rs. 60,000 and they contribute Rs. 5,000 to a retirement account that is tax-deductible, what is their taxable income?a)Rs. 55,000b)Rs. 60,000c)Rs. 65,000d)Rs. 70,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a persons annual salary is Rs. 60,000 and they contribute Rs. 5,000 to a retirement account that is tax-deductible, what is their taxable income?a)Rs. 55,000b)Rs. 60,000c)Rs. 65,000d)Rs. 70,000Correct answer is option 'A'. Can you explain this answer?.

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