Examlex
__________ means allowing employees to make decisions about how service is provided to customers.
Income Tax Expense
The charge against earnings resulting from the tax owed by an entity on its taxable income, reflecting the cost of income taxes.
Pre-Tax Book Income
Pre-Tax Book Income is the income earned by a business before tax, as reported in its financial statements, not considering taxable income adjustments.
Tax Depreciation
The depreciation expense allowed by tax authorities for the purpose of reducing taxable income, which may differ from book depreciation.
Book Depreciation
The method used by businesses to allocate the cost of a physical asset over its useful life for accounting and tax purposes.
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