Examlex
Provisioning services are those that
Net Capital Loss
This occurs when the total capital losses from investments exceed the total capital gains, which can sometimes be used to offset other types of income for tax purposes.
Ordinary Income
This refers to any income earned through work, interest, dividends, or rental income, subject to standard tax rates.
Dividend Income
Income received from owning shares in a company, paid out from the company's profits.
Charitable Contribution
Financial or material donations given to a charitable organization, often eligible for tax deductions.
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