Examlex
A(n) _____ is the equivalent to a subsystem.
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.
Fixed Assets
Assets of a long-lasting nature involved in business operations, which are not anticipated to be expended or turned into cash quickly.
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