Examlex
After getting into a physical altercation with a co-worker at his job site, George tailgates two cars on the drive home and throws a cell phone at his wife when he arrives home to find that dinner is not ready. The above scenario is an example of :
Taxable Income
The amount of an individual's or corporation's income that is used to determine how much tax is owed to the federal government.
Foreign Income Taxes
Taxes paid to a foreign government for income earned in the foreign country.
Child Tax Credit
A credit aimed at helping families offset some of the costs of raising children by reducing their tax liability.
AGI
Adjusted Gross Income, calculated as gross income minus specific adjustments, used to determine tax liability and eligibility for certain tax benefits.
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