Examlex
Compare and contrast an integrity-based ethics program and a compliance-based ethics program.
Foreign Tax Credit
An irreversible tax credit for income taxes remitted to a foreign country because of withholdings on foreign income tax.
Taxable Income
Income that is subject to taxation, after all allowed deductions and exemptions are subtracted from gross income.
U.S. Tax Liability
The total amount of tax owed to the federal government by an individual or entity.
Foreign Income Taxes
Taxes paid to a foreign government on income earned from sources within that foreign country.
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