Examlex
Which of the following institutions are supervised by APRA?
Taxable Income
The portion of an individual's or entity's income used to determine how much tax is owed to the government, after all deductions and exemptions are applied.
Pre-Tax Operating Loss
The loss a company incurs from its operations before accounting for taxes, indicating how well the core business is performing.
Carryback
A tax provision that allows individuals or businesses to apply a current year's net operating losses to previous years' profits to reduce tax liabilities.
Carryforward
A tax policy that allows individuals or companies to apply current year’s unused deductions or credits to future tax years.
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