Examlex
The use of verb forms or verb tenses (such as eating or ate from the verb eat) defines which of the following?
Charitable Contributions
Donations made to qualified organizations, which can often be deducted from taxable income.
Taxable Income
The portion of one's income that is subject to taxes by federal, state, and/or local governments, calculated after deductions and exemptions.
Carryforward
A tax provision allowing current losses or credits to be used in future tax years to offset potential gains or income.
Net Income
The amount of earnings left after all expenses, taxes, and costs have been subtracted from total revenue.
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