Examlex
What does API stand for?
High-Income Taxpayers
Individuals who earn income above a certain threshold and are often subject to higher tax rates or additional taxes.
Borrows Funds
The act of obtaining a certain amount of money from another party, usually financial institutions, under the condition of returning it in the future, often with interest.
Current Expenditures
Expenses a company or government incurs through its daily operations that are not capitalized or reported as investments.
Future Taxes
Taxes that are expected to be imposed or increased in the future, impacting current financial planning and decision-making.
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