Examlex
All of the following are examples of economic events except
Tax Schedule
A detailed plan or system for calculating tax liabilities based on income, deductions, and credits according to relevant laws and regulations.
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.
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