Examlex
C corporations are not subject to the alternative minimum tax (AMT).
Period Cost
Costs that are not directly tied to the production process and are expensed in the period they are incurred.
Variable Production
Production processes or costs that change in proportion to the output level or activity of a company.
Fixed Costs
Expenses that do not change in proportion to the level of goods or services produced within a certain scale, such as rent or salaries.
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