Examlex
What should we NOT conclude from Barrie Thorne's research on a fourth and fifth grade American classroom?
Adjusted Gross Income
Gross income after certain adjustments have been made, used as the basis for calculating taxable income on an individual's tax return.
Casualty Loss Deduction
A tax deduction that allows individuals to deduct certain property losses resulting from a sudden, unexpected, or unusual event.
Personal Property
Assets or belongings that are not permanently attached to or part of real estate; includes both tangible items like cars and furniture, and intangible items like stocks and bonds.
Municipal Bonds
Bonds issued by local municipalities to finance public projects such as schools and highways; interest income is often exempt from federal income taxes.
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