Examlex
When we are dealing with a full portfolio, we need to take account of the presence of capital (equity) in that portfolio and thus have to adjust DGAP.
Itemized Deductions
Expenses listed individually on a tax return that, if eligible, can reduce taxable income more than the standard deduction.
State Income Tax
Taxes imposed by individual states on the income of residents and sometimes non-residents, varying widely in rates and structures across the states.
Additional Assessment
Additional taxes levied by a taxing authority following an audit or amended tax return.
Miscellaneous Itemized Deductions
Various deductions that could be taken when calculating an individual's taxable income, subject to specific rules and limitations.
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