Examlex
You have received the first hepatitis A vaccine.It was required for your mission trip to Nicaragua in Central America, where hepatitis A is common.However, you never went back for the booster shot of the vaccine, which should have been received within 6 months of the initial vaccination.What statement accurately reflects your present immunity to this pathogen?
Net Capital Loss
The financial loss that occurs when the total capital losses from investments exceed the total capital gains in a fiscal year.
Carry Back
A tax provision that allows a business to apply current year net operating losses to past tax years to receive a tax refund for previously paid taxes.
Carry Forward
A tax provision allowing taxpayers to apply a current year's unused tax credits or losses to future tax years.
80% Test
A requirement or threshold in various contexts where at least 80% of some criteria must be met, but in finance, it often relates to rules around shareholder voting rights or dividend distribution policies.
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