ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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INCOME TAX Definition
INCOME TAX is a tax paid on money made or profit realized from employment, business, or capital.
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STANDARD OF VALUE is the identification of the type of value being utilized in a specific engagement; e.g. fair market value, fair value, investment value.
TRANSFER PRICE is the price charged by an individual entity in a multi-entity corporation on transactions among the entities involved.