Outside the United States,what Constitutes GAAP

question 21

Short Answer

Outside the United States,what constitutes GAAP?

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Definitions:

Taxpayer

An individual or entity that is obligated to pay taxes to a federal, state, or municipal government.

Dependent Care Assistance Plan

A benefit plan that allows employees to use pre-tax earnings to pay for qualified dependent care expenses, such as child care.

Head Of Household

A tax filing status for unmarried taxpayers who provide the main support for their home and have a qualifying dependant.

Earned Income

Income derived from active participation in a trade or business, including wages, salaries, tips, and net earnings from self-employment.