| 单词 | taxable income |
| 释义 | taxable incomeTaxable IncomeUnder the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. Cross-referencesIncome Tax. taxable incomesee INCOME TAX, TOTAL INCOME.taxable incomeTaxable incomeTaxable Incometaxable incometaxable incomethe amount of an individual's income that is subject to TAXATION once any tax allowances to which the taxpayer is entitled have been deducted.taxable incomethe amount of an individual's income that is subject to TAXATION once any tax allowances to which the taxpayer is entitled have been deducted.taxable incomeGross revenues minus almost all operating expenses, depreciation, loan interest, and a few other minor items. Some business expenses, such as entertainment, are not fully deductible. Taxable IncomeSee TXI |
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