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External output differs from internal output in its distribution, design, and appearance.
Income Tax Expense
The amount of money that an individual or corporation owes to the government based on their taxable income.
Effective Income Tax Rate
The average rate at which an individual or corporation is taxed, calculated by dividing the total tax expense by the taxable income.
Cash Dividends
Payments made by a corporation to its shareholders as a distribution of profits, typically in the form of cash.
Consolidated Income Tax Return
A single income tax return filed by an affiliated group of corporations, combining their tax liabilities.
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