Examlex
In deciding to enact the alternative minimum tax, Congress was concerned about the inequity that resulted when taxpayers with substantial economic incomes could avoid paying regular income tax.
Time And Material Pricing
A pricing method where the customer is charged based on the time spent on a service and the cost of materials used.
Labour
The measure of human work or effort used in the production of goods and services.
Materials
Refers to the tangible components used in the production of goods and services, often categorized as direct or indirect materials depending on their direct allocation to a cost object.
Mark-Up Percentage
An added percentage to the buying price of products intended to cover both operational costs and earnings.
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