Examlex
The lines of advancement for an individual within an organization are known as
Deductible
An expense that can be subtracted from gross income to reduce taxable income, thereby lowering the tax liability.
Trade Or Business
Engagements or activities conducted for the purpose of income or profit, characterized by continuity and regularity.
Mortgage Interest
The interest charged on a loan used to purchase a property, often tax-deductible for the borrower.
Depreciation
An accounting method that allocates the cost of a tangible asset over its useful life.
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