Examlex
One of the penalties for failure to file proper wage taxes is sweeping your company bank account. What action will the federal government take?
Pre-tax Effect
The impact of an event or transaction on a company's financials before taking into account the effects of income tax.
Units
A measurement or quantity of something, often used in the context of production, sales, or inventory.
LIFO Liquidation
A situation where older inventory, costed at historical prices, is sold, possibly resulting in higher reported profits due to inflation.
Pre-tax Effect
The impact on financial results before the adjustment for taxes has been made.
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