DefinitionGuaranteed Auto Protection insurance was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a...
What is tax exempt status
Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be...
DefinitionA company's tax expense, or tax charge, is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax...