Taxable income

Taxable income is the portion of income that is the subject of taxation according to the laws that determine what is income and the taxation rate for that income.

Taxable income - The income against which tax rates are applied to compute tax paid; gross income of businesses or adjusted gross income of individuals less deductions and exemptions.

taxable income : income that is subject to taxation and is characterized by the accrual of some gain or benefit to the taxpayer ;specif : the total amount of income remaining as the basis of taxation for a given ...

taxable income
taxpayer bill of rights
taxpayer identification number (TIN)
temporary injunction
temporary insanity
Temporary Protected Status (TPS)
temporary restraining order (TRO)
tenancy
tenancy at sufferance
tenancy at will ...

on the theory that if a taxpayer is engaged in an income producing business or occupation and periodically deposits money in bank accounts in his name or under his control, an inference arises that such bank deposits represent taxable income unless ...

Purposely or intentionally avoiding paying tax by the way of showing incorrect taxable income thereby doing fraud.It is a chargeable crime and it is different from making lawful adjustment to reduce taxable income.

Maintenance is a tax deduction for the paying spouse, and is considered taxable income to the receiving spouse.

an expenditure which an income tax payer may subtract from gross (total) income to determine taxable income.

: a tax that to the extent it exceeds regular tax liability is the alternative minimum tax liability and that is determined by adjusting taxable income by adding tax preference items under Internal Revenue Code section 57 and subtracting an exemption ...

Accelerated depreciation can be a useful tax incentive because it permits companies to defer payment of corporate income taxes by reducing the amount of taxable income each year.

Casualty: A loss of property due to fire, storm shipwreck or other casualty, which is allowable as a deduction in computing taxable income.

to represent to the tax authority that their services were not those of an employee but, rather, of an independent contractor, would benefit from a different treatment of their income for tax purposes, generally able to reduce their taxable income by ...

See also: State, Law, Person, Information, Service