Examlex
Vladimir decided not to purchase the iPod shuffle because he didn't think it would hold all of his songs.Vladimir was using his assessment of the iPod shuffle's financial risk in making his decision.
Company Tax Rate
The percentage rate at which a company is taxed on its profits by the government.
Tax Deductible
Expenses that can be subtracted from gross income to reduce the amount of income subject to tax.
Deferred Tax Asset
A tax benefit arising from temporary differences between the book value and tax basis of assets and liabilities, which will result in deductible amounts in future periods.
Deferred Tax Liability
A tax obligation that arises from temporary differences between the book value and tax value of assets and liabilities, to be paid in the future.
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