Examlex
_________________ twins are formed when a mother's ovary releases two eggs during a menstrual cycle, and each is fertilized by a different sperm.
Taxable Income
The amount of income used to calculate how much the entity owes in taxes to the federal, state, and/or local government.
Pretax Financial Income
The income of a company before taxes are deducted, often used in financial reporting and analysis.
Interperiod Tax Allocation
A method used in accounting to allocate income taxes over different periods to match taxes with the revenues they affect.
Future Enacted Tax Rates
Tax rates that have been passed into law but will go into effect at a future date, relevant for financial planning and reporting.
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