deducting
21Italy — • In ancient times Italy had several other names: it was called Saturnia, in honour of Saturn; Enotria, wine producing land; Ausonia, land of the Ausonians; Hesperia, land to the west (of Greece); Tyrrhenia, etc. The name Italy, which seems to… …
22book value — n: the value of something as shown on bookkeeping records as distinguished from market value: as a: the value of an asset equal to cost less depreciation b: the value of a corporation s capital stock expressed as its original cost less… …
23net operating income — noun Income after deducting operating expenses but before deducting for income taxes, interest, and depreciation and amortization. Syn: NOI, EBITDA …
24group income election — Under the Income and Corporation Taxes Act 1988 group companies (at least 75% owned) can elect to pay dividends among themselves gross without deducting ACT. Easyform Glossary of Law Terms. UK law terms. group income election …
25IRS Publication 535 - Business Expenses — A document published by the Internal Revenue Service (IRS) that provides guidance on what types of business expenses are and are not deductible. IRS Publication 535 covers the rules for deducting business expenses, and outlines the most common… …
26deduction — n. subtracting deducting 1) to make a deduction 2) a deduction for; from (our employer makes a deduction from our salary for the income tax) conclusion 3) to make a deduction 4) an illogical; logical deduction 5) a deduction about 6) the… …
27negative contribution — a sale at a loss Commercial jargon. The contribution is that part of the price left after deducting the cost of labour and materials. A positive contribution indicates that some or all of the overhead and selling costs have been recovered.… …
28gross weight — 1) The total weight of a package including its contents and the packing. The net weight is the weight of the contents only, i. e. after deducting the weight of the packing (often called the tare). 2) The total weight of a vehicle (road or rail)… …
29profit — /ˈprɒfət / (say profuht) noun 1. (often plural) pecuniary gain resulting from the employment of capital in any transaction: a. gross profit, gross receipts less the immediate costs of production. b. net profit, amount remaining after deducting… …
30depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… …
