Examlex
A 40 watt fluorescent bulb is rated for use in a 120 volt line. During a brownout the actual voltage drops to 102 V. The actual power dissipated in the bulb under these conditions is
Original Issue Discount
Refers to the discount from the par value at which a bond or other debt instrument is issued, resulting in a difference that is treated as tax-exempt or taxable interest over the life of the bond.
OID
Original Issue Discount, the difference between the original issue price of a bond and its par value, which is treated as interest by the IRS.
Computed
Refers to the result obtained after performing a mathematical calculation or processing data using a computer.
Taxpayer Report
An official document or filing that a taxpayer submits to the tax authorities detailing income, expenses, and other relevant tax information.
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