Examlex
____ is the measurement of how much work is accomplished in a specific amount of time, with time being the differentiating focus.
Income Tax Payable
The amount of income tax a company or individual owes to the government but has not yet paid at a specific date, found on the balance sheet.
Pre-Tax Book Income
Earnings of a business before taxes are deducted, as reported in its financial books.
Tax Depreciation
The allocation of an asset's cost over its useful life for the purposes of tax deductions, according to IRS rules and schedules.
Book Depreciation
The method of calculating the depreciation of an asset for record-keeping and tax purposes.
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