Gross Taxable Income definition

Gross Taxable Income attributable to the employer means the amount specified on the employee’s W-2 issued by the employer and includes tips, bonuses or other compensation as required for purposes of federal individual income tax.
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Gross Taxable Income means total wage from all employment(s) at the time of revocation or refusal to renew the licence from the relevant Licensing Authority. The total wage will not include any voluntary overtime. If the Scheme Member has a variable wage i.e. not a fixed regular payment, the total wage will be calculated on a average amount earned in last 12 weeks.EXCLUSIONSThere shall be no liability for Wage Support Payment in the event that;1. Any physical or mental defect, infirmity, medical condition or chronic recurring illness which the Scheme Member could reasonably be expected to know existed at the date of entry into the Wage Support Payment benefit.2. Any claim arising within 39 weeks of the Scheme Member joining the Scheme. GENERAL CONDITIONS1. The Scheme Member shall, at his or her expense, furnish such certificates, information and evidence as may from time to time be reasonably required.The Scheme Member may be required to have a medical examination.2. The Scheme member agrees that the DriverCare Administration Unit may make all relevant enquiries to estabish the validity of the claim3. No sum payable under this Certificate shall carry interest.4. The Membership Subscription for participation in the Scheme is due for payment at the date cover commences and on the same day of each subsequent month.5. Entitlement under this Certificate shall terminate on the earliest date of any of the following events occurring:
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Gross Taxable Income means gross annual earnings minus expense, defined by local government income tax. Data are based on 2004 earnings.
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Examples of Gross Taxable Income in a sentence

  • Since mandatory pension contributions are generally non-taxable, the amount of such payments must be deducted from gross income before withholding taxes and the Adjusted Gross Taxable Income are calculated.

  • This may be a positive or negative number.Line 6 - Connecticut Gross Taxable Income as ModifiedAdd Line 4 and Line 5.Full-year resident inter vivos trusts with one or more nonresident, noncontingent beneficiaries, complete Lines 7 through 14.

  • In such cases, the court may find that the guidelines are inapplicable and may establish the child support award based on the factors set forth in N.J.S.A. 2A:34-23 and existing case law.Line 3 - Net Taxable IncomeSubtract the combined withholding tax, child support orders for other dependents, mandatory union dues, and the other-dependent deduction*, if any, from the Adjusted Gross Taxable Income to obtain the Net Taxable Income.

  • This may be a positive or negative number.Line 3 - Gross Taxable Income as ModifiedAdd Line 1 and Line 2.Line 4 - Connecticut Taxable Income From Connecticut SourcesPart-year resident inter vivos trusts with nonresident, noncontingent beneficiaries complete Schedule CT-1041FA- Line 4 Worksheet, Lines a through i, below.

  • This may be a positive or negative number.Line 6 - Gross Taxable Income of Fiduciary as ModifiedCombine Line 4 and Line 5 and enter the result on Line 6.

  • Line 1 - Gross Taxable Income Enter the weekly gross taxable income of each parent in the appropriate Line 1 column.

  • Line 3 - Net Taxable Income Subtract the combined withholding tax, child support orders for other dependents, mandatory union dues, and the other-dependent deduction*, if any, from the Adjusted Gross Taxable Income to obtain the Net Taxable Income.

  • Income tax return acknowledgement for last 3 years with gross taxable income of individual/firm/ companies/ cooperative societies.(a) Gross Taxable Income Up to Rs. 10 lakhs Rs. 10 lakhs– 20 lakhs Rs. 20 lakhs & above (b) Please enclose copies of Income tax return acknowledgement copy commencing from AY 2011-12, 2012-13 & 2013-14.

  • This may be a positive or negative number.Line 3 - Gross Taxable Income as ModifiedAdd Line 1 and Line 2.Line 4 - Connecticut Taxable Income From Connecticut SourcesPart-year resident inter vivos trusts with nonresident, noncontingent beneficiaries complete Lines a through i of Schedule CT-1041FA-Line 4 Worksheet.

  • This may be a positive or negative number.Line 6 - Connecticut Gross Taxable Income of Fiduciary as ModifiedAdd Line 4 and Line 5.Full-year resident inter vivos trusts with one or more nonresident, noncontingent beneficiaries, complete Lines 7 through 14.

Related to Gross Taxable Income

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Available Income means the Up-MACRO Available Income or the Down-MACRO Available Income, as applicable.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Gross Income from Operations means all sustainable income as reported on the financial statements delivered by the Borrower in accordance with this Agreement, computed in accordance with accounting principles reasonably acceptable to Lender, consistently applied, derived from the ownership and operation of the Property from whatever source, INCLUDING, but not limited to, (i) Rents from Tenants that are in occupancy, open for business and paying unabated Rent, (ii) utility charges, (iii) escalations, (iv) intentionally omitted; (v) service fees or charges, (vi) license fees, (vii) parking fees, and (viii) other required pass-throughs but EXCLUDING (i) Rents from Tenants that are subject to any bankruptcy proceeding (unless such Tenant has affirmed its Lease or Inland Western Retail Real Estate Trust, Inc. has master leased such Tenant's premises for full contract rent for a period not less than three years, and the net worth of Inland Western Retail Real Estate Trust, Inc. (as determined by Lender) is not less than such entity's net worth as of September 30, 2003), or are not in occupancy, open for business or paying unabated Rent, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds. Gross income shall not be diminished as a result of the Mortgage or the creation of any intervening estate or interest in the Property or any part thereof.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.