Examlex
At the very top of the hierarchy of needs pyramid is
Personal Residence
A property where an individual lives for most of the time and considers it their primary place of residence.
Recognized Gain
The portion of profit or loss from the sale of an asset that must be reported on a taxpayer's income tax.
Sales Commission
A portion of the sale price of goods or services paid to the salesperson as a reward for making the sale.
Wash Sale Rules
IRS regulations that disallow the claim of a capital loss for tax purposes if a substantially identical security is purchased within 30 days before or after the sale.
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