federal taxable income
noun[U]
GOVERNMENT,TAXukustheamountofmoneythat youearnwhen this is used as thebasisforcalculatinghow muchtaxyoupayto the USgovernment:
Coloradohas a 4.75percentflattaxthat isbasedonfederaltaxableincome.
Examplesoffederal taxable income
federal taxable income
Taxable income conforms closely tofederaltaxableincomein most states, with limited modifications.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Some states impose the tax onfederaltaxableincomewith minimal modifications, while others tax a measure bearing little resemblance tofederaltaxableincome.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.State and local income taxes are allowed as tax deductions in computingfederaltaxableincome.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.However, corporations may reduce otherfederaltaxableincomeby a net capital loss and certain deductions are more limited.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.State and local taxes are generally deductible in computingfederaltaxableincome.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.State and local taxable income is determined under state law, and often is based onfederaltaxableincome.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Many of the states compute taxable income with reference tofederaltaxableincome, with specific modifications.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.