Examlex
How a ship floats is described in terms of
Taxable
Refers to income or transactions that can be taxed by the government.
Savings Bond Interest
The interest earned from holding U.S. savings bonds, which may be tax-exempt for educational purposes under certain conditions.
Modified AGI
Modified Adjusted Gross Income (Modified AGI) is a measure used by the IRS to determine eligibility for certain deductions and credits, adjusted from AGI for specific items like IRA contributions and student loan interest.
Married Filing Jointly
A filing status for married couples that allows them to file a single tax return jointly, potentially leading to tax benefits.
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