Examlex
In 1971,the Twenty-sixth Amendment lowered the voting age in American elections to:
Capital
Financial assets or resources that businesses or individuals use to fund operations, investments, and growth.
Ordinary Business Income
Income earned from the normal business operations, subject to regular tax rates.
Subchapter S
A section of the Internal Revenue Code that allows corporations to pass income directly to shareholders and avoid double taxation while retaining the benefits of corporate structure.
Schedule K-1
A tax form used to report a beneficiary's share of income, deductions, and credits from a partnership, S corporation, or trust.
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