Examlex
Two species of frogs do not interbreed because one species breeds in March and the other species breeds in May. This is an example of
FICA Taxes
FICA taxes are federal payroll taxes collected to fund Social Security and Medicare, divided into equal parts paid by employers and employees.
Student Loan Interest
The cost incurred from borrowing funds for education, which can often be deducted from taxable income under certain conditions in many tax jurisdictions.
Deduction Limit
The maximum amount that can be subtracted from taxable income for certain expenses, beyond which deductions are no longer permitted or are reduced.
Tax Year
The 12-month period for which tax is calculated, often either the calendar year or a fiscal year established by a business.
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