Examlex
A well-crafted job description should include job title, department or division, job summary, supervision, and work performed but not the job context, which is typically dynamic.
Adjusted Gross Income
An individual's total gross income minus specific deductions, used to determine taxable income.
Itemized Deductions
Specific expenses listed on a taxpayer's return that can reduce taxable income, such as mortgage interest and medical expenses.
High-Income Taxpayers
Individuals who earn income above a certain threshold, which subjects them to higher tax rates.
Limitation
A restriction or cap, especially in the context of deductions or benefits in tax terminology.
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