Examlex
During test standardization,the average score made by the people taking the test is referred to as a(n)
Current Year
The present calendar or fiscal year in which business operations, transactions, or tax considerations are being referenced or conducted.
Form 2553
A tax form used by small businesses to elect to be treated as an S corporation for the purposes of federal taxation.
Taxable Income
The portion of income that is subject to taxation after all allowances, deductions, and exemptions are considered.
Book Income
The income reported by a corporation for financial reporting purposes, which may differ from taxable income.
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