Examlex
Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.
Book Income
The income calculated for accounting purposes, rather than for tax purposes, often used to measure a company's financial performance.
Taxable Income
The amount of income used to determine how much tax an individual or a corporation owes to the government.
Federal Income Tax
A charge imposed by the IRS on the yearly income of individuals, corporations, trusts, and various legal bodies.
Book Depreciation
The method of allocating the cost of a physical or tangible asset over its useful life for accounting and tax purposes.
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