A conclusion or judgment that is deemed to be true based on reasoning or theoretical deduction independent of empirical evidence. These statements are accepted as valid without needing to be substantiated or invalidated through direct experience or observational proof.
A deduction is an amount allowed to taxpayers under the Internal Revenue Code as an offset against gross income or adjusted gross income.
An overview of the various forms used for individual U.S. income tax returns, including Form 1040, 1040A, and 1040EZ, their specific requirements, and use cases.
In various contexts such as law, business, or communication, 'implied' refers to something not explicitly stated but inferred from actions, context, or established facts.
An accounting method where one amount is deducted from another. It helps to reflect a more accurate financial position by deducting provisions or allowances from gross figures.
Out-of-pocket expenses are expenditures from an individual's personal financial resources, often for business or personal uses. Common examples include unreimbursed costs for supplies, travel, and services.
