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.
Fluid Intelligence
The ability to think logically and solve problems in novel situations, independent of acquired knowledge.
Crystallized Intelligence
The ability to use learned knowledge and experience.
Raymond Cattell
Was a psychologist known for his work in personality theory, including the development of the 16 personality factor model.
Intellectual Development
The development of cognitive abilities and intellectual capacities, including thinking, problem-solving, and understanding concepts.
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