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How did the early English colonies in the Americas solve their labor shortage problem?
Net Income
The amount of money remaining after all operating expenses, taxes, and deductions are taken out from total revenue.
Rental Property
Real estate property that is leased or rented to tenants, generating rental income for the owner.
Passive Loss Limitation
Tax rules that limit the amount of passive losses (from activities in which the taxpayer does not materially participate) that can offset other types of income.
Tax Court Method
A legal procedure by which taxpayers can dispute the IRS's determination of their tax liability in the United States Tax Court.
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