Examlex
When we say that human language is "conventional," we mean that:
Pretax Financial Income
Income of a company before taxes are deducted, as reported in its financial statements.
Deferred Tax Liability
A tax obligation due in the future for income that has been recognized in the financial statements but not for tax purposes.
Depreciation Temporary Differences
Differences that arise between tax depreciation and accounting depreciation, impacting the timing of income tax payments.
Tax Rate
The percentage at which an individual or corporation is taxed, either on income, property, or sales.
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