these are not necessarily cmplete definitions , but there is only one possible answer for each term

a) this is calculated by determining income subject to taxes less adjustment , deductions, and exemptions and applying the appororiate rate(s)

b)this term refers to an asset sold for more than its original value

c) this term includes income form self-employment

d)Investment income is offset with this related expense

E)this term essentially icludes all income subject to federal tax

F) this term includes income from tax shelters

G)this term refers to passive income offset

H) During thi stransction , ou can ecclude the first $250000($500000 for married taxpayers) of gain on sale

I) Income form saving account , stocks , bonds, mutual funds, options, and futures are included in this term

J) This is used to determine tax liability

Groos Income
Active income
Portfolio income
Passive income
Investment Expenses
Real estate or limited partnership expenses
Tax liability
Capital gains
sale of a home
Taxable income