Examlex
How can interest on a private activity bond issued in 2008 result in both an AMT adjustment that decreases AMTI and an AMT preference that increases AMTI?
Profit
The financial gain realized when the amount of revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.
Production Function
A mathematical representation showing the relationship between inputs used in production and the output generated from those inputs.
Profit
The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
Commodity
A fundamental product utilized in trade that can be exchanged with other products of similar kind.
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