Examlex
The __________ orogeny resulted from the collision of Laurentia with __________ on the north and __________ on the south.
Net Capital Gains
The profit from the sale of assets or investments after subtracting any losses, important for tax calculations.
Net Operating Loss
A situation in which a company's allowable tax deductions are greater than its taxable income within a tax period, leading to a negative taxable income.
Charitable Deduction
A tax deduction given for donations made to qualifying charitable organizations.
Estimated Payment
Payments made to cover taxes on income not subject to withholding, like earnings from self-employment, often paid quarterly to avoid underpayment penalties.
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