Examlex
According to information-processing theory, the human mind is like a computer.In this analogy, what is the mind's hardware?
Churches
Religious organizations that may enjoy certain tax exemptions and benefits under IRS guidelines.
Investment Interest Expense
Interest paid on loans used to purchase taxable investments, potentially deductible up to the amount of net investment income.
Net Investment Income
The profit or loss derived from investments such as stocks, bonds, mutual funds, and other investment properties, after related expenses are subtracted.
Deduction
An expense that can be subtracted from an individual's gross income to reduce the amount of income subject to tax.
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