Examlex
After the accrual and property tax expense for each piece of property has been recalculated, the totals are added and compared with the general ledger.
Income Tax Formula
The calculation used to determine the amount of income tax that an individual or entity owes to the government.
Taxpayers
Persons or organizations required to remit taxes to a government at the federal, state, or local level.
Tax Credits
Amounts that taxpayers can subtract directly from the taxes they owe to the government, rather than from taxable income.
Form 1040EZ
A simplified tax form for individuals with uncomplicated tax situations, no longer in use after 2018.
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