Examlex
For couples in which both individuals carry one defective CF gene, any offspring from the couple has a ________ percent chance of inheriting two abnormal genes and developing cystic fibrosis.
Total Taxable Income
The portion of one's income that is subject to taxation, after all deductions and exemptions are factored in.
Interest Income
Earnings from bank accounts, loans, or investments, often subject to income tax.
Form 1040EZ
A simplified U.S. federal income tax form for taxpayers with basic tax situations, now superseded by Form 1040.
Tax Deduction
An allowable reduction from gross income that decreases taxable income and reduces the amount of tax owed.
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