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What is the principal process for converting plastics into products?
Reportable Income
Income that must be declared for tax purposes, including earnings from employment, investments, and other sources.
Deferred Tax Asset
An accounting term used to describe a situation in which a company has paid more taxes to the government than it has actually owed during a given period.
Deferred Tax Liability
A tax obligation arising from temporary differences between accounting and tax treatments of certain items, to be paid in the future.
Tax Deductible
Expenses that are subtracted from gross income to reduce taxable income, leading to a decrease in the amount of taxes owed.
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