Examlex
By using options a firm can protect against increase in raw material prices,while continuing to benefit from price decreases.
Time Test
A criterion often used in tax regulations to determine eligibility for certain deductions or credits, based on the amount of time spent on activities like employment or investment.
Moving Expenses
Costs associated with relocating for a job or business that are often deductible on an individual's taxes.
Full-Time Employee
An individual employed for a standard workweek, often defined by an employer as working a minimum number of hours, typically at least 35-40 hours per week.
AGI Deduction
Adjustments made to gross income in order to calculate the Adjusted Gross Income (AGI), affecting tax liability.
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