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What is kangaroo care?
Basis
The amount of investment in property for tax purposes, used to calculate gain or loss upon sale or disposition of the property.
Subchapter S
A designation of corporation that meets specific Internal Revenue Service criteria, allowing it to be taxed as a pass-through entity, avoiding double taxation.
Taxable Income
The portion of a person's or a company's income used to determine how much tax is owed to the government.
Book Income
The income reported by a corporation for financial reporting purposes, which may differ from taxable income calculated for tax purposes.
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