Examlex
Cross-price elasticity is represented by the formula DQ/DP ´ P/Q; where P and DP represent the price and change in price of a related good respectively.
Felony Drug Possession
A serious criminal charge involving the unauthorized possession of controlled substances, which is illegal under federal and state laws.
Education Credits
Tax credits offered to taxpayers to offset the costs of higher education for themselves or their dependents.
Qualifying Child
A dependent who meets specific IRS criteria regarding relationship, age, residency, support, and joint return for eligibility in certain tax benefits.
Earned Income Credit
A refundable tax credit for low- to moderate-income working individuals and families, particularly those with children, aimed at reducing poverty and incentivizing work.
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