STANDARD DEDUCTION
Standard deduction is a method that may be used by taxpayers if the itemized deduction in the taxable income calculation is not used. In this method, the income’s base amount not subject to tax may be used to cut down the adjusted gross income (AGI) of the taxpayer. The standard deduction amount will depend on several factors involving the taxpayer such as filing status, the age, the disabilities, if there are any, the dependency on other taxpayer.
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One of the first reduced-form credit model designed by Robert Jarrow and Stuart Turnbull. The model uses multi-factor and dynamic analysis of inter ...
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Step-Out Trading is when several brokerage firms are assigned portions of another brokerage firms trade and they execute it as a large order at the ...
UTP
Unlisted Trading Privileges (UTP) is a form of securities regulation. It gives the right to exchanges to trade a security that did not meet the req ...
Estate Tax
Tax levied on an heir’s inherited part of an estate if the value exceeds the exclusion limit set by the law. This is mostly imposed on assets ...
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A money allocating technique that government agencies and firms use to evaluate the possible profitability of a long-term investment. Capital inves ...
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