Examlex
Macroclimates and microclimates vary only slightly from one another in terms of temperature and moisture.
Charitable Contributions
Donations made to qualified organizations, which can often be deducted from taxable income.
Taxable Income
The portion of one's income that is subject to taxes by federal, state, and/or local governments, calculated after deductions and exemptions.
Carryforward
A tax provision allowing current losses or credits to be used in future tax years to offset potential gains or income.
Net Income
The amount of earnings left after all expenses, taxes, and costs have been subtracted from total revenue.
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