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The frog jumping contest is fast approaching.Your jumper has a maximum leap of 5 feet, far less than needed for a win.In order to train your frog to jump farther, you should begin by giving it a fly when it jumps .
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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