Examlex
Which of the following is not included in the operating budget?
Tax Shield
A deduction from taxable income that results in a reduction of taxes owed, often associated with interest expense, depreciation, or other deductions.
Tax Rate
The portion of income or profits the government takes as tax from a person or company.
Unlevered Value
Unlevered value is the value of a company or investment assuming it has no debt financing, focusing solely on its equity value.
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