Alternative Minimum Tax (AMT)

Business / Finance / Alternative Minimum Tax (AMT): A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items.

Other Words for Alternative

Alternative Adjective Synonyms: alternate, variant, (an)other, different, additional, substitute, surrogate
Alternative Noun Synonyms: alternate, variant, choice, option, selection, possibility, substitute, surrogate
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Other Words for Minimum

Minimum Verb Synonyms: least, lowest, nadir
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Real Property Tax

Business / Taxes / Real Property Tax: A real property tax is a local tax on the value of real estate. The property may be assessed at full value, which is presumably the price that the owner could sell it for in the current market, or usi MORE

Tax Clawback Agreement

Business / Finance / Tax Clawback Agreement: The percentage of tax obligation for a particular taxable income. MORE

Tax Codes

Business / Debt / Tax Codes: Under the PAYE system of taxing income, tax codes are allocated annually to employees. These codes enable the employer to deduct tax at the correct rate from salaries or wages on a monthly (or weekly) MORE

Tax Credit

Business / Accounting / Tax Credit: An amount that a taxpayer who meets certain criteria can subtract from tax owed. Examples include a credit for earned income below a certain limit and for qualified post-secondary school expenses. (Se MORE

Tax Deduction

Business / Accounting / Tax Deduction: An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax Credit, Tax Exemption.) Tax Deferred Investments MORE

Tax Credits

Business / Debt / Tax Credits: Tax you receive back in certain circumstances, e.g. pension credit, child tax credit and working tax credit. MORE

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