Examlex
A comprehensive wealth tax will:
After-tax Earnings
The net income a company generates after all taxes have been deducted from gross earnings.
Physical Reductions
Decreases in the quantity or physical state of assets, often associated with inventory or fixed assets through use, wear, and tear.
FIFO Costing
FIFO Costing, or First-In, First-Out costing, is an inventory valuation method where goods first purchased or produced are the first ones sold.
Pretax Income
The amount of income earned by a business before taxes have been deducted, also known as earnings before taxes (EBT).
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