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Business Income

   Also found in: Acronyms 0.01 sec.
Business Income
The money a person or company receives from doing business, especially in the course of a year. For example, if a mechanic repairs a car and is paid, he/she receives business income. It is taxable, but one may remove expenses from business income when calculating the portion that is taxed.


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3, 2009 (CENS) -- The headquarters of world-class multinationals in Taiwan will be able to enjoy a uniform preferential business income tax of 15%, according to an agreement reached between the executive branch and the legislature yesterday (Nov.
There are few feelings better than going to the mailbox and finding a check and realizing you are now earning business income online and receiving steady residual payments from your efforts.
In May, a federal jury ruled that the IRS erroneously levied the unrelated business income tax (UBIT) on three financial products sold by Community First Credit Union.
 
 
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