Examlex
A type of bird similar to a chickadee learns to peck through the cardboard tops of milk bottles left on doorsteps to obtain the desired cream from the top. What term best applies to this behaviour?
Tax Liability
The total amount of tax owed by an individual, corporation, or other entity to a taxing authority, such as the IRS or state tax agency.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxation by the government.
Head of Household
A tax filing status for individuals who are unmarried or considered unmarried, have paid more than half the cost of keeping up a home for the year, and have a qualifying person living with them.
Standard Deduction
A fixed dollar amount that reduces the income on which you are taxed, available to all taxpayers who do not itemize their deductions.
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