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Child Support
Financial payments made by a non-custodial parent to a custodial parent, guardian, or state to support the child’s well-being and living expenses.
Taxable Income
Taxable Income is the portion of an individual's or corporation's income used to determine how much tax is owed to the federal, state, or local government.
Tax Liability
The total amount of taxes owed by an individual, corporation, or other entities to the taxing authority.
Qualified Dividends
Dividend payments received from shares of stock held for a certain period of time which are taxed at the lower capital gains tax rate rather than ordinary income tax rates.
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