The National Jail Census Collects Information Every Five Years About

question 87

True/False

The National Jail Census collects information every five years about federal prisons.

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Definitions:

Income Tax Rate

The percentage of income that is paid to the government as tax.

Gain on Sale

The profit realized from the sale of an asset when it is sold for more than its carrying amount on the company's books.

Operating Income

The profit realized from a business's core operations, calculated by subtracting operating expenses from gross income.

Extraordinary Gain

Unusual and infrequent gains that are outside the normal operations of a business, such as profits from selling a piece of land at a significantly higher price than its book value.