Examlex
In the simple random sample,each person or element has the same chance of being included in the sample.
Capital Asset
An asset held by an individual or business for investment or personal purposes, excluding inventory or assets sold in the ordinary course of a business.
Rental Property
A property owned by an individual or entity that is rented out to tenants in exchange for monthly rent payments.
Section 1245
A provision in the U.S. tax code that treats the gain from the sale of certain types of property (primarily depreciable personal property) as ordinary income rather than capital gain.
Ordinary Income
Income earned through wages, salaries, commissions, and interest, subject to standard tax rates.
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