Examlex
What are the focus group company principals often referred to as?
Unreimbursed Employee Business Expenses
Expenses employees incur in the course of performing their job that are not reimbursed by the employer.
Itemized Deductions
Expenses allowed by the IRS that can be subtracted from adjusted gross income to reduce taxable income, including mortgage interest, medical expenses, and charitable contributions.
2% Floor
A tax rule that limits the deductibility of certain miscellaneous expenses to only the portion that exceeds 2% of the taxpayer’s adjusted gross income.
Sales Taxes
Taxes levied by governments on the sale of goods and services, which are typically paid by the consumer at the point of purchase.
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