Examlex
Which of the following relationships is not true?
Net Capital Gains
The profit from the sale of assets or investments after subtracting any losses, important for tax calculations.
Net Operating Loss
A situation in which a company's allowable tax deductions are greater than its taxable income within a tax period, leading to a negative taxable income.
Charitable Deduction
A tax deduction given for donations made to qualifying charitable organizations.
Estimated Payment
Payments made to cover taxes on income not subject to withholding, like earnings from self-employment, often paid quarterly to avoid underpayment penalties.
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