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The Nurse Is Planning to Attend a Program to Learn

question 29

Multiple Choice

The nurse is planning to attend a program to learn how to respond to mass casualty incidents. There are core competencies within this program. The nurse knows that these competencies are which of the following? Select all that apply.


Definitions:

Taxable Income

Income on which tax must be paid. Total income minus exemptions and deductions is used to calculate this figure.

Income Tax Expense

The amount of expense recognized in a given period for taxes on profits, reflecting the expected cash outflow to tax entities.

Loss Carryback

A tax provision that allows businesses to apply a net operating loss to past tax years in order to receive a tax refund.

Income Before Taxes

The amount of income a company generates before accounting for income taxes, often used to assess the profitability of a company excluding tax expenses.

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