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Income from activities that are not undertaken in the ordinary course of company's business. harvey()

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15y ago

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What are five other taxes providing government revenue besides income taxes?

tips salary income deductions


What are Exempt income under income from other sources?

Exempt interest and exempt dividends from qualified municipal bonds.


What is another word for Gross income?

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


What does other comprehensive income include?

Other Comprehensive Income (OCI) includes revenues, expenses, gains, and losses that are not reported on the income statement, but are instead reported as a separate component of shareholders' equity on the balance sheet. OCI typically includes: Foreign currency translation adjustments: Gains or losses from translating foreign currency financial statements into the reporting currency. Unrealized gains or losses on available-for-sale securities: Changes in the market value of investments that are not yet sold. Unrealized gains or losses on cash flow hedges: Changes in the value of derivatives used to hedge future cash flows. Changes in pension and other post-retirement benefit plan assets and liabilities: Adjustments to the value of pension and other benefit plans. Changes in accumulated other comprehensive income for pension and other post-retirement benefit plans: Adjustments to the accumulated OCI for pension and other benefit plans. OCI provides a more comprehensive picture of a company's financial performance and position, as it includes items that may not be reflected in net income but still affect shareholders' equity.


Elements of income other than money?

One of them would be bartering, stolen property, found lost items, Prizes and awards, Free tours all would be taxableincome and you can find more by going to the IRSgov website and use the search box for Publication 525 (2009), Taxable and Nontaxable Income then go to Miscellaneous income.

Related Questions

What does mean other operation income?

The Income which is earned except from own profession or vocational income or those income earned indirectly from other source, is called other operation Income .


What is clubbing of income?

income of other person included in assesses total income.


How do you calculate dividend income?

dividend is a Comprehensive income includes net income, and other comprehensive income. Dividends received are included in net income and are included. However, dividends paid are not included in net income or other comprehensive income (and are therefore not in comprehensive income.


What is the journal entry for collection of other income?

Debit cash / bankCredit other income


How do you calculate dividends?

dividend is a Comprehensive income includes net income, and other comprehensive income. Dividends received are included in net income and are included. However, dividends paid are not included in net income or other comprehensive income (and are therefore not in comprehensive income.


What is the income you earn from the shares dividend?

Income earned from shares is called dividend income and shown in income statement as "Other income".


What portion of total income earned by Americans is unearned income or income other than earned income?

Mmhg


What was disposable income in the 1920s?

The income remaining when all other necessities have been deducted from your income.


What is other household income?

Other household income refers to any income that a household receives from sources other than regular employment wages or salaries. This can include income from rental properties, investments, government assistance, freelance work, or any other sources of income that contribute to the household's total financial resources.


What is the definition of income?

income is what you can earn including your salary, other suport income like your rental income and some profit payment


What is the distinction between operating and non operation income?

Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.


Is income from operation the same as net income?

Income from operation is only the income from basic business activity of buisness while net income is the overall income from basic operations as well as income from other activities.