Examlex
Which term indicates the evolution of many closely related species from one or a few ancestral species in a relatively short period of time?
AGI Limitation
Restrictions or phase-outs on certain tax deductions, credits, or exemptions based on the taxpayer's Adjusted Gross Income (AGI).
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.
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