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Pigeons have been taught to discriminate paintings by Monet from paintings by Picasso.
Out-Of-Pocket Expenses
Costs that an individual must pay out of their own cash reserves, including medical expenses, business expenses not reimbursed, and other personal expenditures.
Self-Employed Health Insurance
A deduction that allows self-employed individuals to deduct 100% of their health insurance premiums from their taxable income.
AGI Deduction
Reductions from gross income that lower an individual's taxable income, based on specific expenses and contributions.
Net Earnings
The amount of income left after deducting expenses, taxes, and deductions from gross revenue.
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