Examlex
In periods of high demand, an operation might buy capacity from other organisations. This is called:
Investment Income
Income earned from the ownership of investments like stocks, bonds, mutual funds, and other financial assets.
U.S. Tax Liability
The total amount of tax owed to the U.S. government, including federal, state, and local taxes, by an individual, corporation, or other entity in a given tax year.
Foreign Income Taxes
Taxes paid to a foreign government for income earned from sources within that foreign country, which may be subject to tax credit or deduction in the taxpayer's home country.
Education Credit Deduction
A tax benefit that reduces the amount of income tax owed by students or their families based on qualified education expenses, intended to decrease the cost of further education.
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