Examlex
Which of the following is not true about the personal income tax?
Double Compensation
The act of receiving two separate forms of payment or reimbursement for the same expense or loss.
Partner Competes
An act where a partner engages in a business activity that competes with the business of the partnership, potentially violating their fiduciary duty.
Competing Venture
A business or project undertaken by an entity that is in direct competition with another enterprise in the same market segment.
Additional Compensation
Extra payment or remuneration provided to an employee or contractor beyond their basic salary or fees, often for achieving specific targets or for extra duties.
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