MARKUP Definition

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MARKUP is the amount added to the cost of goods in order to produce the desired profit.

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INFORMATION / INFORMATIONAL RETURN is one of many returns that only communicates to the Internal Revenue Service information relevant to tax liability and does not compute the actual liability of any taxpayer or accompany the actual payment of tax; used for sale of property, dividends, and others (e.g., W-2 and Forms 1099).

CICA is Canadian Institute of Chartered Accountants.

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