Examlex
In a regressive tax system,it is impossible for individuals with higher incomes to pay more in taxes than individuals with lower incomes.
Entity
A broad term that can refer to any individual, company, organization, or institution that has a separate legal existence.
Major Line Of Business
The primary area or category of product or service offering that generates the most revenue for a company.
Discontinued Items
Financial reporting of components of an entity that have been disposed of or classified as held for sale.
Reported Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue, as presented in its financial statements.
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