Examlex
Any distribution from a qualified tuition plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.
Overdraft Protection
Overdraft protection is a banking service that prevents checks, ATM withdrawals, and other transactions from causing an account's balance to fall below zero by advancing money or covering the shortfall.
UCC
Uniform Commercial Code; a comprehensive set of laws governing commercial transactions in the United States.
Dishonor
In financial contexts, the refusal or inability of a party to pay a debt when due or to accept a bill of exchange when presented.
Material Addition
An amendment or addition to a contract that considerably changes the terms or obligations originally agreed upon.
Q3: When the taxpayer anticipates a full recovery
Q16: The transfer of property to a partnership
Q24: The Deferred Model has all of the
Q47: Melanie is in the 39.6% tax bracket
Q71: During February and March,Jade spends approximately 90
Q84: Jeannie,a single taxpayer,retired during the year,to take
Q87: Patrick's records for the current year contain
Q128: "Gross income" is a key term in
Q132: Taxpayers may deduct lobbying expenses incurred to
Q133: Under the terms of their divorce agreement