Examlex
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Taxable Income
The amount of income used to calculate how much the entity or individual owes in taxes to the government.
Tax Bill
The amount of money owed by an individual or corporation to the taxing authorities as a result of income or other taxes.
Net Fixed Assets
The total value of a company’s fixed assets minus any accumulated depreciation.
Depreciation
An accounting method of allocating the cost of a tangible or physical asset over its useful life to account for declines in value.
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