Tag: taxes
Tax Deduction
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
Underpayment Penalty
What is an underpayment penalty
An underpayment penalty is a fee charged by the IRS for taxpayers who do not pay enough tax throughout the...
Abandonment Value
What is 'Abandonment Value' The value of a project or asset if it were immediately liquidated or sold. The abandonment value of...
Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)
What is 'Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX' Earnings before interest, taxes, depreciation, depletion, amortization and...
Corporations
The word corporation represents an organization, which works completely separately from its owners, and it is in itself a legal body capable of presenting...
Backup Withholding
What is 'Backup Withholding'
Backup withholding is the tax that is levied on investment income, at an established tax rate, as the investor withdraws it....
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization
In the increasingly complex economy of the modern day, a measure of growth and production has become necessary for all aspects of market activities....
Jobs And Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
In this post, we will be discussing the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). This was a bill that was...
Jerry A. Hausman
DefinitionJerry Allen Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a notable econometrician. He...
Job Hunting Expenses
What is 'Job Hunting Expenses' Costs that individuals may be allowed to deduct on their federal tax returns to reduce their total...