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taxable income

   Also found in: Legal, Acronyms, Wikipedia 0.04 sec.
Taxable Income
The amount of net income used in calculating income tax.

Notes:
This is your gross income minus all adjustments, deductions, and exemptions.


Taxable income
Gross income less a variety of deductions.

taxable income
The income that is subject to taxation. Taxable income remains after accounting for adjustments and deductions.

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