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If the Levene test resulted in a significance level greater than .05, then homogeneity of variance can be assumed.
Adjusted Basis
The adjusted basis is the original cost of an asset, altered for improvements, depreciation, and other adjustments.
Travel Expense Deduction
A tax deduction for expenses related to travel for business purposes, including transportation, lodging, and meals.
Self-Employment Tax
A tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves, calculated on net earnings from self-employment.
Net Earnings
The amount of money left after all deductions, including taxes and operating expenses, have been subtracted from total income.
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