A tax return filed on behalf of both the husband and wife, resulting in a combined tax liability. In most cases, filing a joint return results in a lower tax liability than filing separately would.
A type of option for which the underlying assets are Dow Jones Industrial Average futures contracts. The option has a 5 times multiplier, which means that each option contract on the index controls 5 times the value of the index. This gives the option holder more leverage on his/her investment compared to cash index options at a lower cost. The option is traded on the Chicago Board of Trade. When purchasing a Mini-Sized Dow Option, the premium paid is 5 times the quoted price and the contract would be exposed to 5x the index value. For example, if the quoted price is 200 for the index value of 10,200, then the premium for the option is $1,000 (5 x 200) and the exposure of the contract is 51,000 index points (10,200 x 5).
An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax) Taobiz explains Earnings Before Tax - EBT EBT provides a level measure to compare companies in different tax jurisdictions.
One of the tests administered by the IRS that potential dependents must pass in order to be claimed as such by another taxpayer. The joint return test stipulates that no dependent can file a joint return with a spouse and still be claimed as a dependent on someone else's return, such as that of a parent or guardian. There are, however, exceptions to this rule. A taxpayer filing a joint return can be claimed as a dependent under two separate exceptions. One is when neither the dependent nor his or her spouse is required to file a tax return, except to claim a refund. The other is when neither the dependent nor his or her spouse would owe any tax if he or she were to file separately instead of jointly. In these cases, another taxpayer may claim this person as a dependent.
An option that can be exercised at different times during the life of the option. The various times set for exercise are written within the option and allow for flexibility for both the writer and holder of the option. The Mid-Atlantic option is named as such because its exercise dates are more flexible than European options and less flexible than American options. Thus, it is in the middle, just like the Atlantic Ocean is between Europe and America. Mid-Atlantic options are also referred to as Bermuda, Quasi American, or Semi-American options.
Deductible expenses incurred while searching for a job in the same or similar line of work. These expenses are deductible regardless of whether you find a new job. The expenses are not deductible if it is your first job after completing school.
An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax, interest, depreciation, depletion, amortization and exploration expenses) Taobiz explains Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX EBITDAX is used when reporting earnings for oil and mineral exploration companies. It excludes costly exploration expenses and gives the true EBITDA of the firm. This is especially useful when a company wants to acquire another company. The EBITDAX would cover any loan payments needed to finance the takeover.
A U.S. tax law, passed by Congress on May 23, 2003, that lowered the maximum individual income tax rate on corporate dividends to 15%. The act also reduced the long-term individual income tax rate on capital gains to 15%. The act was signed by President George W. Bush on May 28, 2003, and was intended to amplify the effects of the Economic Growth and Tax Relief Reconciliation Act of 2001. The JGTRRA was put forward as part of an effort to jump-start the U.S. economy. The law significantly reduced the amount of tax paid by investors on dividends and capital gains. This development made it much more attractive for public companies to pay cash dividends to shareholders (instead of holding onto their cash and reinvesting it into expanded operations). Thus, after the enactment of the JGTRRA, the number of U.S. companies paying regular dividends increased substantially.
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