Examlex
Which is an exact number?
Company Tax Rate
The rate at which a corporation's income is taxed by the government.
Current Tax Liability
The amount of income taxes a company is obligated to pay to governmental authorities within the next fiscal period.
Tax Deductible
Tax deductible refers to certain expenses or investments that can be subtracted from gross income to reduce the amount of income subject to tax.
Depreciation
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to use and wear and tear.
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