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Tax

Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.

Industry: Accounting

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Tax

Multiple line insurance

Accounting; Tax

An insurance policy that combines both liability and property damage coverage and insures against a range of perils

Adjusted basis

Accounting; Tax

Used for determining depreciation and gain or loss on the disposition of an asset Your adjusted basis in an asset is your beginning basis , decreased by depreciation, depletion or any Sec 179 ...

Member

Accounting; Tax

The owners of corporations are shareholders; the owners of partnerships are partners In an LLC (limited liability company) the owners are known as members Modified Adjusted Gross Income Your AGI ...

Job cost sheet

Accounting; Tax

A list of materials, labor, and other costs along with budgeted and/or actual amounts for the manufacture of a product or to provide a service

Junior mortgage

Accounting; Tax

A lien that is below that of another mortgage The holder of a junior mortgage can usually be satisfied only after a more senior lender is paid off Thus, the interest rate on a junior mortgage is ...

Administrative expense

Accounting; Tax

Sometimes part of general expense, it's an expense that isn't directly associated with selling, manufacturing, distributing, etc but part of overall management such as accounting, general ...

Adequate consideration

Accounting; Tax

An amount equal to the fair market value of the asset or service provided Adequate consideration may be determined by the price quoted on an exchange, an appraisal, comparable sales, etc For tax ...