Definitions for taxable income
tax·able in·come

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1. Taxable income

   Taxable income refers to the base upon which an income tax system imposes tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions. The amounts included as income, expenses, and other deductions vary by country or system. Many systems provide that some types of income are not taxable and some expenditures not deductible in computing tax. Some systems base tax on taxable income of the current period, and some on prior periods. Taxable income may refer to the income of any taxpayer, including individuals and corporations, as well as entities that themselves do not pay tax, such as partnerships. Most systems require that all income realized be included in taxable income. Some systems provide tax exemption for some types of income. Many systems impose tax at different rates for differing types or levels of income. In the United States, gross income includes all income realized from whatever source, but excludes particular tax exempt items, such as municipal bond interest. In 2010, the United Kingdom and the United States both provided reduced rates of tax for capital gains and dividends.

How to pronounce taxable income?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say taxable income in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of taxable income in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of taxable income in Pythagorean Numerology is: 7

Examples of taxable income in a Sentence

1. Kory Kavanewsky:

   The process used to determine an entrepreneur’s income is typically at the discretion of the lender, fluctuations in earnings often result in the calculation of a two-year average. When your most recent tax return reflects a decline in taxable income by more than 10 percent, that lower amount will be used.

2. Nojibur Rahman:

   There are eight million solvent economic units owned by entrepreneurs who have taxable income.

3. Dan Dagley:

   You have to follow the tax treaty and know what’s included in your income. In some countries, your health benefits are considered taxable income and this varies country by country.

4. Jason Speciner:

   Tax-loss harvesting is a great opportunity to reduce taxable income and should be a part of year-end tax planning, investors can use capital losses to offset or eliminate capital gains dollar for dollar in unlimited amounts.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=taxable income