Examlex
Which of the following is a trust that shelters valuable assets that you can pass on to your heirs with minimal taxes and lets you receive an annuity for as long as the trust lasts?
Net Income
Net income refers to the total profit of a company after all expenses and taxes have been subtracted from total revenue.
CCA Tax Shield
A tax benefit derived from the depreciation expense allowed on tangible property for tax purposes, reducing taxable income.
Class 8 Equipment
Heavy-duty machinery typically used in the transport and logistics industry, such as 18-wheel trucks.
Tax Rate
The chunk of income designated by the government to be taken as tax from corporations or the public.
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