Examlex
Which of the following is a source of often unanticipated costs faced by county governments?
UCC Balance
The outstanding balance on a loan or financing arrangement under the Uniform Commercial Code, often related to personal property loans.
Tax Deductible
Expenses that can be subtracted from gross income to reduce the taxable income, thus lowering the overall tax liability.
Capital Cost Allowance (CCA)
A tax deduction in Canada that represents a business's investment in depreciable properties, allowing for the asset's cost to be written off over its useful life.
Taxable Income
The amount of an individual's or a corporation's income used to determine how much tax is owed to the government in a given tax year.
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