Examlex
Instructions: Identify the following terms.
sati
Brokerage Commissions
Brokerage Commissions are fees charged by a broker to execute transactions or provide specialized services.
Home Mortgage
A loan provided by a financial institution to assist with the purchase of a house, secured by the property itself.
Personal Exemption
A specific amount that taxpayers could deduct from their gross income for themselves and their dependents, reducing the taxable income (note: recent tax law changes may affect the applicability of this term).
Corporate Tax Table
A chart outlining the rates of taxation applicable to corporations for various levels of taxable income.