摘要: An agreement signed by two or more taxpayers who provide financial support for the same dependent. A multiple support agreement allows several persons who jointly support a single dependent to take tu[阅读全文:]
摘要: A federal tax that must be paid by people who hire household help (a babysitter, maid, gardener, etc.) and pay them a total of more than a specified threshold amount during the tax year. The reason th[阅读全文:]
摘要: Borrowing money to buy an investment asset without receiving enough income from the investment to cover the interest expenses and other costs inolved in maintaining it. Depending on the investor's h[阅读全文:]
摘要: A taxation system where income subsidies are given to persons or families that are below the poverty line.
The government will send financial aid to a person who files an income tax return repo[阅读全文:]
摘要: Income received from investment assets (before taxes) such as bonds, stocks, mutual funds, loans and other investments (less related expenses). The individual tax rate on net investment income depends[阅读全文:]
摘要: The result that occurs when expenses exceed the income produced.
A person or company with a net loss has not made a profit. Newer businesses often run at a net loss for the first few yea[阅读全文:]
摘要: An accounting figure that has been adjusted for the effects of income tax. Net of tax is most commonly calculated by taking gross figures, like the cash collected from the sale of an asset, and subtra[阅读全文:]
摘要: A U.S. federal health program that subsidizes people who meet one of the following criteria:
1. An individual over the age of 65 who has been a U.S. citizen or permanent legal resident for fiv[阅读全文:]
摘要: A test that can be administered to a prospective dependent in lieu of the "relationship test". If a person does not meet the criteria to be considered a close relative by the IRS, he or she may stil[阅读全文:]
摘要: A person who is claimed as a dependent when filing year-end tax forms. Such a dependent allows a taxpayer to qualify for the dependency exemption. A member of household can be a relative or a non-rela[阅读全文:]