Examlex
Actuators are electromechanical devices that convert mechanical action into electrical signals.
Retirement Savings Contributions Credit
A tax credit available to lower-income individuals making contributions to retirement accounts, encouraging savings.
Income Level
A measure of an individual or household's gross income before taxes and deductions.
Credit
A direct reduction of the tax owed to the government, distinct from deductions, which reduce the amount of income subject to tax.
Form 1040
This is the standard IRS form individuals use to file their annual income tax returns.
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