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Is depreciation a relevant cost?

Relevant to what? Depreciation is an accounting contrivance to diminish taxable income.


Is disability income taxable?

Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.


Is disability insurance taxable income?

Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.


Is taxable income the full amount before tax is deducted?

Taxable income is the total income after deducting all deduction under the section 80(c) to 80(u). The tax liability is calculated on the total taxable income.


Is kinship income taxable income?

No it is not taxable


Lot rent was not received can you write that off as a loss?

No, it just isn't taxable income. To have a loss, you would have previously had to take it as income (accrual method accounting).


What is another word for Gross income?

Another word for gross income is taxable income. This is the income before taxes are taking out.


How can I determine my taxable income?

Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income


What are the accounting entries for expenses and incomes in double entry systems?

income with non taxable should put in under which account


Is Avon income taxable?

ALL income is taxable.


Are income tax and taxable income the same thing?

No, income tax and taxable income are not the same thing. Taxable income is the amount of income that is subject to taxation, while income tax is the actual tax that is calculated and paid on that taxable income.


What is the money you earn before taxes?

The money you earn before taxes is referred to as your gross income. This includes all sources of income, such as salary, wages, bonuses, and any additional earnings, before any deductions or taxes are applied. Gross income serves as the starting point for calculating your taxable income and determining your overall tax liability.