A Power of Attorney Is a Legal Document Usually Signed

question 46

True/False

A power of attorney is a legal document usually signed under seal in which a person appoints another to act as his or her attorney to carry out the contractual or legal acts specified in the document.

---

Definitions:

Tax Rate

The specified percentage of incomes that the government earmarks for collection from individuals or corporations as taxes.

Net Income

The total earnings of a company after subtracting all expenses and taxes.

Retained Earnings

Profits that a company decides to keep or reinvest in the business after dividends have been paid out to shareholders, reflecting ongoing financial health and potential for growth.

Net Income

The ultimate financial gain of a company after expenses and taxes are deducted from its total revenue.