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This following list features abbreviated names of mathematical functions, function-like operators and other mathematical terminology. This list is limited to abbreviations of two or more letters (excluding number sets).
In logic, a set of symbols is commonly used to express logical representation. The following table lists many common symbols, together with their name, how they should be read out loud, and the related field of mathematics.
In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900.
Standard Deduction for Tax Years 2020 and 2021. Filing Status. Deduction for Tax Year 2020. Deduction for Tax Year 2021. Single. $12,400. $12,550. Married, filing jointly
The 2017 Tax Cuts and Jobs Act changed the rules when it comes to standard vs. itemized deductions by nearly doubling the standard deduction and eliminating or cutting back many itemized ...
This deduction allows you to reduce your taxable income by up to $2,500 per year. To qualify for the deduction, the interest deducted must be paid during the year, you can’t file as married ...
Tax deduction, variable tax dollars subtracted from gross income Itemized deduction , eligible expense that individual taxpayers in the United States can report on their Federal income tax returns Standard deduction , dollar amount that non-itemizers may subtract from their income
Your tax bracket is the one that applies to the last dollar you earned. So, if you had $40,000 in income, you’d be in the 12% tax bracket — your first $11,600 would be taxed at 10%, and your ...