taxable income
Definition
Gross income from which standard deductions and other allowances have been subtracted.
taxable income is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
taxable income appears in the definitions of the following terms:
inflation accounting,
accountable plan,
taxable equivalent yield,
loss carryback,
tax benefit rule,
tax deferred income,
tax deferred savings,
marginal relief,
loss carryforward,
effective tax rate
and
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