Examlex
Is it possible that no AMT adjustment is necessary for medical expenses in calculating AMTI even though the floor limitation is different (7.5% of AGI for regular income tax compared to 10% for AMT purposes)?
Net Profit
The actual profit after working expenses not included in the calculation of gross profit have been paid.
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Marginal Cost
The escalation in the entire cost linked to the output of an additional unit.
Average Cost
The cost per unit is determined by dividing the overall production cost by the total units produced.
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