Examlex
Independent agencies are important components of Cabinet departments.
Book Income
The income reported by a corporation for financial reporting purposes, which may differ from taxable income.
Federal Income Tax
A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Earnings and Profits
A measure of a corporation's ability to pay dividends to its shareholders, calculated for tax purposes.
FMV
Fair Market Value refers to the price at which property would sell on the open market between a willing buyer and a willing seller.
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