For Taxable Income we have terms and definitions in 7 topics. The topics are Accounting, Accounting Terms, Finance, Fundraising, Law, Legal and Tax.

Taxable Income (Accounting)

is that income that is reported to the government for the purposes of calculating income taxes. Taxable income normally is not aligned with the financial income reported within financial statements. See FINANCIAL INCOME.

Taxable Income (Accounting Terms)

Taxable income is generally equal to a taxpayer's ADJUSTED GROSS INCOME during the TAX YEAR less any allowable EXEMPTIONS and deductions.

Taxable Income (Finance)

Gross income less a variety of deductions.

Taxable Income (Fundraising)

The income (after all deductions and adjustments) to which taxpayers apply their tax rates to determine their tax. Corporate donors apply their 10% limitation to their taxable income (before contribution tax deductions) to determine the maximum charitable tax deductions they can claim in one year.

Taxable Income (Law)

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 (Legal)

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 (Tax)

The amount of income that is subject to tax. This amount is reached at after availing all allowable deductions and exemptions.

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