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## Understanding Taxable Amounts in Legal Language

Just to clarify, in legal terms, the taxable amount refers to the portion of income that exceeds the non-taxable threshold, after deducting any applicable tax credits or deductions.

So, for example, if the non-taxable threshold is set at 15k Ôé¼ (as an arbitrary amount), and an individual earns 20k, the taxable amount would indeed be the difference, specifically 5k Ôé¼. This 5k Ôé¼ would be subjected to taxation according to the relevant tax laws and regulations.

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