Difference between revisions of "Taxable income"
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| − | '''Taxable income''' is the [[income]] against which [[tax]] rates are applied to compute the tax paid; gross income of businesses or [[adjusted gross income]] of individuals less deductions and exemptions. | + | '''Taxable income''' is the [[income]] against which [[tax]] rates are applied to compute the tax paid; gross income of businesses or [[adjusted gross income]] of individuals less deductions and exemptions. |
| − | [[category:law]] | + | |
| + | [[category:law]][[category:economics]] | ||
Revision as of 01:58, October 3, 2008
Taxable income is the income against which tax rates are applied to compute the tax paid; gross income of businesses or adjusted gross income of individuals less deductions and exemptions.