Examlex
The gritty feel of a pear is due to ____ cells.
Disallowed Loss
A loss that cannot be claimed for tax deduction purposes because it does not meet certain IRS criteria.
Capital Gains
The profit from the sale of assets or investments when the selling price exceeds the original purchase price.
Adjusted Gross Income
An individual's total gross income minus specific deductions. It's used as the basis for calculating taxable income.
Tax-deferred
An investment in which taxes on the principal and/or earnings are delayed until the funds are withdrawn, commonly seen in retirement accounts like 401(k)s and IRAs.
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