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Find an equation of the line graphed. Write the equation using function notation.
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Income Tax
Tax levied on company income.
AASB 112
The Australian Accounting Standards Board's standard regarding Income Taxes, which dictates the accounting treatment for current and deferred tax.
Deferred Tax
A tax liability or asset that arises due to the temporary differences between the accounting income and the taxable income.
Income Tax Expense
The cost incurred by individuals or corporations due to income taxes.
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