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The Gravity Model

question 9

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The Gravity Model


Definitions:

Deferred Tax Liability

A tax obligation recognized in the financial statements representing taxes that are owed but not yet paid.

Long Service Leave

A paid absence after the employee has provided a long period of continuous employment.

Company Tax Rate

The percentage rate at which a company is taxed on its profits by the government.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to tax.

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