Taxable Income
- Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate schedules.
- Corporation: Gross income less allowable business deductions.
Popular Real Estate Terms
The definition of low-income housing is any house that is either rented or owned by an individual or family that has a monthly household income that does not exceed a certain percentage of ...
The definition of net sales price in real estate is the combined total cost to the buyer of a listing, excluding any auxiliary costs such as the sales fee, appraisal fee, real estate agent ...
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Board used when connected as a floor. It may also be used as a strip in a wall or door. ...
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Ability of a large group of retail stores or shopping center to take business away from other smaller or more distant shopping stores. ...
Also called real property. Anything permanently affixed to the land, such as buildings, walls, fences, and shrubs, as well as the rights to own or use them. It is distinguished from ...
The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...
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