Examlex
The net capital gain included in an individual taxpayer's AMT base is eligible for the alternative tax rate on net capital gain. This favorable alternative rate applies both in calculating the regular income tax and the AMT.
Market Rate
The prevailing interest rate available in the open market, often influencing or benchmarking loan and savings rates.
Contract Rate
Contract rate refers to the agreed-upon price or interest rate specified within a contract, often related to loans or financial agreements.
Premium
The additional cost above the normal or nominal amount, usually associated with insurance premiums, bond market pricing, or superior products and services.
Contra Liability Account
An account on a company's balance sheet that decreases the balance of a liability account to reflect its net value.
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