Examlex
An individual with gross income of $5,000 could qualify as a qualifying child of another taxpayer but could not qualify as a qualifying relative of another taxpayer.
Product Margins
The difference between the selling price of a product and the cost of goods sold, representing the profit made on each product.
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to specific activities, improving the accuracy of product and service costing.
Activity Cost Pools
A grouping of all costs associated with a particular activity, used in activity-based costing to allocate costs more accurately.
Machine-Hours
A measure of the amount of time a machine is operated for the purpose of producing goods.
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Q123: The American opportunity credit is available only