Examlex
What performance appraisal method requires that management identify specific characteristics relevant to good job performance, and is described as simplistic, while suffering from reliability and validity issues?
Recognized Gain
The portion of profit or loss from the sale of an asset that must be reported on a taxpayer's income tax.
Sales Commission
A portion of the sale price of goods or services paid to the salesperson as a reward for making the sale.
Wash Sale Rules
IRS regulations that disallow the claim of a capital loss for tax purposes if a substantially identical security is purchased within 30 days before or after the sale.
Loss Disallowed
A financial loss that cannot be deducted from taxable income as per tax regulations, often due to specific restrictions or limitations.
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