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Examples of Net Taxable Income in a sentence
The Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the General Partner’s estimate of the allocable Net Taxable Income in accordance with Article V, multiplied by the Assumed Tax Rate (the “Tax Amount”).
The after- deductions result is the Net Taxable Income to which a 25% tax rate is the Re- sulting Income Tax from which applicable Tax Credits are subtracted to find the Income Tax Liability.
Enter each parent's Net Taxable Income in the appropriate Line 3 column.
Notwithstanding anything provided in this Section 4.01(b), the General Partner shall not be required to cause the Partnership to make Tax Distributions with respect to 2009 and 2010 Net Taxable Income but may make such Tax Distributions to the extent of APO Corp.’s actual tax liability.
The “Tax Amount” is the product of (i) the Effective Tax Rate and (ii) the Company’s Cumulative Net Taxable Income.