Shared Flashcard Set

Details

Title

CPA - Regulation

Description

CPA - Regulation

Total Cards

Subject

Accounting

Level

Professional

Created

10/28/2010

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Additional Accounting Flashcards

Term

Exclusions

Definition

income items which are not included in gross income. Must be specified by law

Term

Deductions

Definition

Amounts subtracted from income to arrive at adjusted gross income or taxable income

Term

Credits

Definition

amounts subtracted from the computed tax to arrive at taxes payable