EARNED INCOME CREDIT - EIC
In the United States, the tax credit benefiting some taxpayers with low incomes from work over a specific tax year. It deducts the amount of tax owed on a dollar-per-dollar basis, which can give a refund to the taxpayer should the credit amount is higher than the amount of tax owed.
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Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
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Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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