The company does not hire employees on the basis of their race, sex, age, or religion.
the sole basis for the rumor is someone's overactive imagination
Recent Examples on the WebWell, the United States does provide foreign assistance on a yearly basis.—Isaac Chotiner, The New Yorker, 22 Nov. 2023 Small investors sold nearly $65 million of Apple shares in the past four sessions on a net basis, according to Vanda data.—Hannah Miao, WSJ, 21 Nov. 2023 Screening high-risk patients is done on a voluntary basis by hospitals and facilities, and public health authorities say that levels of screening vary widely among facilities.—Mary Hynes Las Vegas Review-Journal (tns), arkansasonline.com, 21 Nov. 2023 Patrol squadrons were once based at Kaneohe Bay, but now deploy to Hawaii on a rotational basis.—CBS News, 21 Nov. 2023 Also Saturday, tensions flared on the Israel-Lebanon border, where Israeli forces and Hezbollah fighters have traded fire on a regular basis since the war began.—Loay Ayyoub, Washington Post, 18 Nov. 2023 In the interim, the students are being provided with bottled water on a daily basis.—Megan Christie, ABC News, 17 Nov. 2023 McMillon, who gets a close-up view of US shoppers on a daily basis, now has to convince Wall Street that Walmart can continue to drive sales and market-share growth as inflation wanes.—Jeannette Neumann, Fortune, 16 Nov. 2023 Walter Isaacson’s authorized biography of the controversial tech mogul, which was published in September, will serve as the basis for the screenplay.—Ellise Shafer, Variety, 10 Nov. 2023 See More
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'basis.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
especially: the principle or method by which taxable income is calculated
The Internal Revenue Code has set some limits on which method a taxpayer may use for figuring taxable income. For example, a corporation with gross receipts under $5,000,000 may be a cash-basis taxpayer.
: a method of accounting in which income and expenses are recorded in the period when they are earned or incurred regardless of when the payment is received or made
called alsoaccrual method
: a method of accounting in which income and expenses are recorded in the period when payment is received or made
called alsocash method
: the value (as cost or fair market value) of an asset used in calculating capital gains or losses for income tax purposes
: the basis of an asset increased or decreased to reflect changes in value (as through improvement or depreciation)
—carryover basis\ˈkar-ē-ˌō-vər- \
: the basis of a donated or transferred asset that is equal to the basis of the asset when it was in the hands of the donor or transferor
Carryover basis is generally applied to gifts and to transfers in trust.
: the basis of an asset equal to the amount paid for the asset plus other acquisition costs
—stepped-up basis\ˈstept-ˈəp- \
: the basis of inherited property equal to its market value at the decedent's date of death or to an alternate valuation
: the basis of property received in exchange for property of a like kind that is equal to the basis of the property given with adjustments for additional consideration received or gains and losses realized