Examlex
Jackson sells qualifying small business stock for $125,000 (adjusted basis of $105,000) in 2014.In calculating gross income for regular income tax purposes,he excludes all of his realized gain of $20,000.The $20,000 exclusion is a tax preference in calculating Jackson's AMTI.
Independent Retailer
A retail establishment owned and operated by an individual or group, not part of a larger chain of stores.
Quality Personal Service
High-caliber, individualized attention or services provided to customers, ensuring their needs and expectations are met with a personal touch.
Corporate Chains
networks of retail or service outlets operated by a single company, offering the same brand and format across locations.
Clayton Act
A U.S. legislation enacted in 1914 aimed at promoting competition among businesses and preventing unfair anti-competitive practices.
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