Examlex
Ethnobotanists work with indigenous peoples to learn traditional medical practices and their plant sources.
Pretax Financial Income
The amount of income a company has earned before any taxes have been deducted, often used for internal reporting.
Taxable Income
The amount of an individual's or entity's income used to determine how much tax is owed, calculated by deducting allowable deductions from gross income.
Permanent Difference
A discrepancy between taxable income and accounting income that will not reverse over time, affecting the tax and financial reporting separately.
Life Insurance Proceeds
The money that beneficiaries receive from a life insurance policy upon the policyholder's death, typically exempt from income tax.
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