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Income Taxes
Taxes imposed by the government on the income earned by individuals and corporations.
Working Capital
The difference between a company's current assets and current liabilities, indicating the available short-term resources to fund operations.
Income Tax Rate
The percentage of an individual or company's income that is paid to the government as tax.
After-Tax Discount Rate
The discount rate used in capital budgeting that accounts for taxes and reflects the net cost of borrowing and the opportunity cost of investing.
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