Examlex
____________________ is a relatively new technology that has been used extensively by both the military and cellular telephone companies.
Service Life
The estimated period that an asset is expected to be useful in the operations of a business.
Taxable Income
The amount of income used to calculate an individual's or a company's income tax due, typically gross income minus deductions and exemptions.
Exempt Items
Goods or services that are not subject to tax under specific tax laws or regulations.
Gross Income
The total income from all sources before any deductions or taxes are taken out.
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