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Anatomists learned that the brain is made up of many distinct areas or "parts" by cutting apart autopsied human and animal brains and then examining them under a microscope. This procedure being used is known as
Pre-tax Interim Net Income
The net income earned before taxes are deducted during an interim period, such as a quarter or half-year.
Income Tax Loss
A situation where tax-deductible expenses exceed taxable revenues, potentially reducing taxable income in future periods through loss carryforwards.
Tax Loss Carryforward
A tax provision that allows a company to use its current loss towards future profits to reduce taxable income.
Taxable Income
The amount of income subject to taxation, after all deductions and allowances have been considered, according to the tax laws.
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