Examlex
If a taxpayer owns more than one home,she can designate the home that will be considered her principal residence for purposes of the Sec.121 exclusion.
Defined Benefit
A type of pension plan where the benefits that an employee will receive upon retirement are predefined based on factors like salary and tenure.
Pension Plan
A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.
Defined Benefit Plan
A pension plan that promises employees a fixed annual pension benefit at retirement, based on years of service and compensation levels.
Defined Contribution Plan
A retirement plan in which the employer, employee, or both make contributions on a regular basis, and the final benefits depend on the investment's performance.
Q2: Current year foreign taxes paid exceed the
Q5: An expansionary monetary policy lowers the real
Q6: Terra Corporation, a calendar-year taxpayer, purchases and
Q8: Deborah, who is single, is claimed as
Q46: An example of a rule used in
Q60: In a limited liability partnership, a partner
Q74: Under the accrual method of accounting, the
Q92: When property is transferred, the gift tax
Q107: In 2015, Sam is single and rents
Q108: C corporations and partnerships with a corporate