[
    {
        "Subject": "Basic Financial Concepts and Income Statement Process",
        "info": [
            {
                "prompt": "What is gross profit?",
                "completion": "Gross profit is the amount of revenue left over after subtracting the cost of goods sold. It increases roughly in line with revenue and decreases when revenue falls, reducing the amount available to cover other expenses such as operating costs, interest, taxes, and net profit.",
                "description": "Definition of gross profit and explanation of its relationship with revenue changes."
            },
            {
                "prompt": "What is gross margin?",
                "completion": "Gross margin is the ratio of gross profit to revenue. For example, if gross profit is $500,000 and revenue is $1,000,000, the gross margin is 50%. Gross margin is important as a performance measure and is used in break-even analysis, budgeting, and other analytical techniques.",
                "description": "Definition and significance of gross margin with a practical example."
            },
            {
                "prompt": "What is overhead?",
                "completion": "Overhead, also known as operating expenses, includes all expenses not part of the cost of goods sold, excluding interest and taxes.",
                "description": "Definition of overhead and what it typically includes."
            },
            {
                "prompt": "What is earnings before tax (EBT)?",
                "completion": "Earnings before tax (EBT) is revenue minus all expenses except income taxes.",
                "description": "Explanation of EBT and how it is calculated."
            },
            {
                "prompt": "What is net income?",
                "completion": "Net income is the amount of income available to the owners or shareholders of the business.",
                "description": "Defines net income and who receives it."
            },
            {
                "prompt": "What happens during 'Closing the Books' and the preparation of the income statement?",
                "completion": "At the end of each accounting period, transactions are summarized into categories like revenue, cost of goods sold, and overhead. Adjustments like depreciation are applied, and an income statement is prepared. Then, revenue and expense accounts are zeroed out and transferred to a profit account, which is added to retained earnings along with any losses.",
                "description": "Explains the process of closing the books and how income statements are prepared and finalized."
            }
        ]
    },
    {
        "title": "Increase in Social Insurance Deduction Rate (New System)",
        "applies_to": "New individuals",
        "employee_rates": {
            "2024": "9.75%",
            "2025": "10.25%",
            "2026": "10.75%",
            "2027": "11.25%",
            "2028": "11.75%"
        },
        "employer_rates": {
            "2024": "11.75%",
            "2025": "12.25%",
            "2026": "12.75%",
            "2027": "13.25%",
            "2028": "13.75%"
        }
    }
]