Examlex
Which one of the following is an example of a period cost?
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes by the government, after all deductions and exemptions.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (income), showing the percentage of income paid in taxes.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.
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