What is Taxify?
1.
verb
To calculate net income for tax purposes by adjusting GAAP net income for the differences between GAAP and tax treatments.
The term was originally coined by Tran Chung, a Chartered Accountant while he lectured taxation at the University of British Columbia.
The tax final requires students to taxify net income.
Taxified income contains 50% of meals and entertainment expenses.
See
Random Words:
1.
The patch of hair located on the grundel. See grundel. Often the nesting site of various types of dingleberries.
I got sand in my grund..
