Examlex
Simplify the expression. Assume that the variables in the denominator are nonzero.
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Taxable Income
The amount of income used to calculate how much tax an individual or a company owes to the government.
Total Tax
The combined amount of all taxes owed by an individual or corporation in a given year, including federal, state, and local taxes.
Retained Earnings
Retained earnings are the portion of a company's profits that is kept or retained within the business for reinvestment or to pay debt, rather than being distributed to shareholders as dividends.
Liability
A company's legal financial debts or obligations that arise during the course of business operations.
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