Examlex
What are the two principal classes of bonding called?
Net Worth
The total assets minus total liabilities of an individual or company, indicating financial health and stability.
Operating Income
Earnings before interest and taxes (EBIT), representing the profit a company makes after paying for variable costs of production but before paying interest or tax.
Depreciation Expenses
Depreciation expenses refer to the systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the tax impact on their next dollar of income.
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