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According to structural-functional theory,brain surgeons should earn higher salaries and more lucrative stock options than doctors who work in family practices.
Tax-Exempt Securities
Investments whose interest income is not subject to federal income tax, and in some cases, state and local taxes.
Residence Acquisition Debt
Mortgage debt incurred in acquiring, constructing, or substantially improving a principal residence, which is secured by the residence.
Fully Deductible
Expenses that can be subtracted in full from taxable income, reducing the total amount on which tax is calculated.
Adjusted Gross Income
involves a rephrased definition: it's the measure of income calculated from your gross income and allows for certain deductions, but before itemized or standard deductions.
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