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: | + | [[category:Taxation]] |
Revision as of 03:03, January 14, 2009
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.