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The "introduction" should be funnel-shaped in that you start
Intra-entity Gross Profit
Profits recognized from transactions that occur within the same company, not yet realized by the external market.
Income Tax Liability
The total amount of taxes owed by an individual or a business entity to the federal, state, or local government based on income.
Operating Income
Income generated from the core business operations of a company, excluding income from investments and expenses not related to the primary business activities.
Tax Rate
The percentage at which an individual or corporation is taxed, which can vary depending on the income or profit levels.
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