Examlex
For an individual to feel equitably treated,his ratio of contribution to return must be the same as the other individual's ratio with whom he or she is comparing.
Adjusted Gross Income
An individual's total gross income minus specific deductions, used as the basis for calculating taxable income on federal tax returns.
Casualty Loss Deduction
A tax deduction for property losses as a result of a sudden, unexpected, or unusual event.
Federal Disaster Area
An area officially declared by the government to be in a state of emergency due to a disaster, affording affected individuals potential tax relief and other benefits.
Insurance Settlement
A financial payment made by an insurance company to a policyholder or claimant as a resolution for a filed claim against a policy.
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