Asked by Gibby
Taxable income is
Question 7 options:
total of all income, less deductions and exemptions. A
earned income less property income. B
all income other than wages and salaries. C
wage and salary income only. D
all earned income E
I think it’s D but I would like to make sure, thanks
Question 7 options:
total of all income, less deductions and exemptions. A
earned income less property income. B
all income other than wages and salaries. C
wage and salary income only. D
all earned income E
I think it’s D but I would like to make sure, thanks
Answers
Answered by
Ms. Sue
No, not D.
https://www.investopedia.com/terms/t/taxableincome.asp
https://www.investopedia.com/terms/t/taxableincome.asp
Answered by
Gibby
I looked into the link and my new answer is E
Answered by
Ms. Sue
Nope. I've checked two of your guesses. Now you're on your own. Please do not post this question again.
I suggest you read more carefully this time.
"What is 'Taxable Income'
Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year. It is generally described as gross income or adjusted gross income (which is minus any deductions or exemptions allowed in that tax year). Taxable income includes wages, salaries, bonuses and tips, as well as investment income and unearned income."
Read more: Taxable Income https://www.investopedia.com/terms/t/taxableincome.asp#ixzz5L5m5TNbr
I suggest you read more carefully this time.
"What is 'Taxable Income'
Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year. It is generally described as gross income or adjusted gross income (which is minus any deductions or exemptions allowed in that tax year). Taxable income includes wages, salaries, bonuses and tips, as well as investment income and unearned income."
Read more: Taxable Income https://www.investopedia.com/terms/t/taxableincome.asp#ixzz5L5m5TNbr