Examlex
Of the following values,which value would be considered as a high normal reading?
Deductible
An expense that can be subtracted from adjusted gross income to reduce taxable income, thereby lowering tax liability.
Investment Interest Expense
Interest paid on money borrowed to purchase or held for investment purposes, which can be deducted to reduce taxable income under certain conditions.
Net Investment Income
The income received from investment assets (like stocks and bonds) after expenses associated with making the investment are deducted.
Stocks
Securities that represent ownership in a corporation, entitling the holder to a portion of the company's profits in the form of dividends.
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