Taxable Income definition

Taxable Income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:
Taxable Income or "Tax Loss" shall mean the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.
Taxable Income means the adjusted gross income of a taxpayer less the deductions and exemptions provided for in this chapter.

Examples of Taxable Income in a sentence

  • Taxable income Taxable income or loss as per your organisation’s income tax return form.

  • Taxable income of a small business shall be taxed at 5%, except as provided for in the second paragraph of this article.

  • Taxable income from other forms (Form 1120-POL) ..........................................................................

  • Taxable income (profit) shall be determined by the same method that a taxpayer uses for accounting.

  • Taxable income of a small business consists of gross income earned from a Georgian-based source, except for salary income.


More Definitions of Taxable Income

Taxable Income or “Taxable Loss” means, respectively, in respect of any Fiscal Year, the amount of income or loss for tax purposes of the Partnership for such period determined in accordance with the Guarantor Agreement and the provisions of the Income Tax Act;
Taxable Income means the adjusted gross income of a taxpayer less the deductions and
Taxable Income means wages, salaries and other compensation paid by an employer or employers before any deductions and/or the net profits from the operation of a business, profession or other enterprise or activity adjusted in accordance with the provisions of this chapter.
Taxable Income means, in the case of an individual, federal
Taxable Income means, for any period, the taxable income or loss of Icahn Enterprises for such period for federal income tax purposes.
Taxable Income means any "taxable income" as defined in section 1 of the Income Tax Act;
Taxable Income and “Taxable Loss” means, in respect of any Fiscal Year, the income or loss of the Partnership for such period, including any taxable capital gain or allowable capital loss, determined in accordance with the Tax Act.