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An older client who is repeatedly admitted to the hospital tells the nurse it is because of the inability to purchase prescribed medications. What should the nurse respond to the client?
Tax Laws
Regulations imposed by governmental agencies in relation to the calculation and payment of taxes by individuals and organizations.
Deferred Tax Liability
A tax obligation that arises when there are temporary differences between the book value and the tax value of assets and liabilities.
Deferred Tax Asset
A Deferred Tax Asset arises when a company pays more tax to the government than it owes in its financial statements, which can be used to reduce tax liability in future periods.
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