Chapter 9

Question	Answer
2018 Tax Cuts and Jobs Act Tax Reform	Tax legislation offering a major change to the existing tax code.
data mart	A subset of the data warehouse focused on a specific function or department to assist and support its needed data requirements.
data warehouse	A repository of data accumulated from internal and external data sources, including financial data, to help management decision making.
tax data mart	A subset of a company-owned data warehouse focused on the specific needs of the tax department.
tax planning	Predictive analysis of potential tax liability and the formulation of a plan to reduce the amount of taxes paid.
what-if scenario analysis	Evaluation of the impact of different tax scenarios/alternatives on various outcome measures including the amount of taxable income or tax paid.

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	Created by Matt Evans almost 2 years ago