taxable — tax|a|ble [ tæksəbl ] adjective something that is taxable is something you have to pay tax on: All income over a certain amount is taxable. taxable profits … Usage of the words and phrases in modern English
taxable — UK [ˈtæksəb(ə)l] / US adjective taxable money that you earn or receive is money that you have to pay tax on All income over £4,500 is taxable. taxable profits … English dictionary
taxable income — Gross income less a variety of deductions. Bloomberg Financial Dictionary A tax term. Defined as total income in the year (excluding tax free income) less all allowances available at the marginal rate. The major allowances which are deducted from … Financial and business terms
Taxable income — Gross income less a set of deductions. The New York Times Financial Glossary * * * taxable income taxable income ➔ income * * * taxable income UK US noun [U] FINANCE, TAX ► the part of someone s earnings or a company s profits that is used to… … Financial and business terms
Taxable Spinoff — A divestiture of a subsidiary or division by a publicly traded company, which will be subject to capital gains taxation. The subsidiary will become completely independent from the parent corporation, operating entirely on its own. To qualify as a … Investment dictionary
taxable — tax|a|ble [ˈtæksəbəl] adj if money that you receive is taxable, you have to pay tax on it taxable income/profits/earnings etc … Dictionary of contemporary English
taxable — tax ► NOUN 1) a compulsory contribution to state revenue, levied by the government on personal income and business profits or added to the cost of some goods, services, and transactions. 2) a strain or heavy demand. ► VERB 1) impose a tax on. 2)… … English terms dictionary
Windfall profits tax — A windfall profits tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. United StatesIn 1980, the United States enacted the Crude Oil Windfall Profit Tax Act (P.L. 96 223) as part of a… … Wikipedia
non-taxable — UK US adjective ► ACCOUNTING, TAX used to describe income, an asset, etc. on which you do not have to pay tax: »Profits from exports are non taxable for up to six years. »non taxable income … Financial and business terms
Accumulated Earnings and Profits — An accounting term applicable to stockholders of closely held businesses. Accumulated earnings and profits are a company s net profits after deducting distributions to the stockholders. This is calculated as of the beginning of the … Investment dictionary
