Under Reporting

The act of deliberately understating personal income or corporate earnings. One usually underreports in order to pay less in taxes. For example, if one makes $50,000 in a year and reports $35,000, one does not pay taxes on the extra $15,000. Underreporting is illegal because it deprives the government of tax revenue.

Occasionally, underreporting refers to an illegal practice in which a company refrains from reporting earnings in one quarter in order to report them the following quarter. Companies usually do this to drive up the stock price.

单词	under reporting
释义	Under Reporting Under Reporting The act of deliberately understating personal income or corporate earnings. One usually underreports in order to pay less in taxes. For example, if one makes $50,000 in a year and reports $35,000, one does not pay taxes on the extra $15,000. Underreporting is illegal because it deprives the government of tax revenue. Occasionally, underreporting refers to an illegal practice in which a company refrains from reporting earnings in one quarter in order to report them the following quarter. Companies usually do this to drive up the stock price.
随便看	classification of, names instrument classification of partial dentures classification of periodontal diseases classification of periodontal pockets classification of pockets classification of smells classification of two-dimensional closed manifolds classification policy committee classification products by activity classification, recovery, and evacuation classification review area classification review board classifications classification schedule classification societies classification societies and regulatory bodies classification society classification society of north america classifications of fairies classifications of government classification system classification theorem for surfaces classification theorems of surfaces classification theory classification track