AMT BOND is a municipal bond issue used to fund qualified private activity projects such as pollution control facilities or student loans. AMT bonds are taxed as public-purpose municipals, except when an entity pays the alternative minimum tax, in which case the bond is taxed at the full AMT rate.
MARGINAL TAX RATE is the top rate of income tax that is charged to individuals on their earnings.
CLEARED ITEMS are accounts payable documents which have been paid.
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