Examlex
When a governor displays favoritism in distributing government monies or other resources to a particular program, jurisdiction, or individual, it is an example of pork barrel politics.
Gross Receipts
The total amount received from all sources before any deductions or allowances, used as a measure of business size or taxation.
AMT Rate
The percentage at which the Alternative Minimum Tax is levied on income, designed to ensure that individuals pay a minimum amount of tax.
Subchapter S Corporation
A form of corporation that meets specific Internal Revenue Code requirements, offering the benefits of incorporated status while being taxed as a partnership.
Stockholder Basis
The amount of a stockholder's investment in a company, used to determine capital gains or losses for tax purposes.
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