Examlex
Subtract and write in standard form.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders.
Earnings and Profits
A measure of a corporation’s ability to pay dividends to shareholders, not necessarily equal to net income.
Dependent Care Assistance Plans
Benefit plans offered by employers that allow employees to use pre-tax dollars to pay for dependent care expenses.
Married Filing Separately
A filing option for married partners that enables them to report their personal income, deductions, and exemptions separately on individual tax returns.
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