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Perform the indicated operations involving rational expressions. Match each expression with the corresponding answer.
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Tax Base
The amount that is attributed to an asset or liability for tax purposes.
Tax Purposes
For tax purposes refers to the considerations and rules applied in the calculation and reporting of taxes owed or refunds due to governing tax authorities.
Current Tax Liability
The amount of income taxes a company expects to pay within the current year, based on its taxable income.
Tax Payable
The amount of tax liability a company owes to the taxing authorities at a point in time.
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