Examlex
_____ pertain to internal flexibility and readiness to adapt to unexpected changes in the environment.
Tax Liability
The total amount of tax owed to a tax authority by an individual or corporation after all deductions, credits, and exemptions.
Income Tax Withholdings
The portion of an employee's income that is withheld by the employer and paid directly to the government as a prepayment of income tax.
Income Tax Regulation
Legal guidelines and rules governing how income taxes are calculated, collected, and enforced by authorities.
Reg.§1.162-1
A reference to a section of the U.S. Tax Code outlining the deduction of ordinary and necessary business expenses.
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