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Patient with vomiting and abdominal pain is admitted to the hospital.After workup,it is determined that the patient has appendicitis.The patient is taken to the OR for a laparoscopic appendectomy.The pathology report shows that the patient suffered from acute appendicitis with an abscess.
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.
Deferred Tax Asset
A tax benefit arising from temporary differences between the book value and tax basis of assets and liabilities, which will result in deductible amounts in future periods.
Deferred Tax Liability
A tax obligation that arises from temporary differences between the book value and tax value of assets and liabilities, to be paid in the future.
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