Examlex
When trying to reason logically, the tendency to abandon logical rules in favour of our own personal beliefs is referred to as:
Disqualified Income
Types of income that cannot be considered or used for certain applications or benefits, as defined by specific rules or guidelines.
Dividends
Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.
American Opportunity Tax Credit
A credit for qualified education expenses paid for an eligible student for the first four years of higher education, with the potential to receive a partial refund if the credit is more than the taxpayer owes.
Lifetime Learning Credit
A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.
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