INCOME TAX Definition

Bookmark and Share

INCOME TAX is a tax paid on money made or profit realized from employment, business, or capital.

Learn new Accounting Terms

CAPITAL BUDGET is the estimated amount planned to be expended for capital items in a given fiscal period. Capital items are fixed assets such as facilities and equipment, the cost of which is normally written off over a number of fiscal periods. The capital budget, however, is limited to the expenditures that will be made within the fiscal year comparable to the related operating budgets.

ARP see ADJUSTABLE RATE PREFERRED.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.