Annual Income

Annual Income

The money a person makes from labor, investment, or any other source in the course of a year. Receiving income is the goal of all commerce. Annual income is usually taxed by the government, though one's taxable income for a year may differ from his/her actual annual income. See also: Income tax.
References in classic literature ?
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness.
In the kingdom of Great Britain, where all the ostentatious apparatus of monarchy is to be provided for, not above a fifteenth part of the annual income of the nation is appropriated to the class of expenses last mentioned; the other fourteen fifteenths are absorbed in the payment of the interest of debts contracted for carrying on the wars in which that country has been engaged, and in the maintenance of fleets and armies.
Twenty-five hundred dollars of the small Sawyer property had been invested in the business of a friend of their father's, and had returned them a regular annual income of a hundred dollars.
Pott, permanently retired with the faithful bodyguard upon one moiety or half part of the annual income and profits arising from the editorship and sale of the Eatanswill GAZETTE.
'A family and an annual income of nothing, to keep 'em on,' said Richard Swiveller after some reflection.
As to your rank, an annual income of 50,000 livres will enable you to support it admirably.
The NTBT further explained that according to Paragraph 1, Article 79, Article 108 of the Income Tax Act, and Explanatory Decree No.10804524120 issued by the M.O.F on April 26, 2019, where a taxpayer fails to file an annual income tax return within the prescribed period, the tax authority shall serve a delinquent notice, requesting the taxpayer to complete annual income tax return and make tax payments within 15 days from the date of receipt of the notice.
All those people and traders who are registered with the FBR but did not submit their annual income tax returns have also been declared eligible for the new scheme for traders.
Summary: Washington [USA], July 10 (ANI): Former US Vice President Joe Biden released his tax returns from 2016 to 2018 on Tuesday, revealing an exponential increase in his annual income after leaving office post Donald Trump's win at the 2016 Presidential elections.
If PM Imran Khan with annual income of Rs 4.7 Million in 2017 can live and maintain a house spread over 300 Kanals, what are these people complaining about?
Miaa is mandated to remit at least 50 percent of its annual income to the national government after it was granted fiscal autonomy during the term of former President Corazon C.
The trial court awarded indefinite maintenance to Gloria in a monthly amount based on Allan's likely annual income and forty-five percent of any annual income exceeding Allan's likely annual income, payable within ten days of Allan's filing his state and federal tax returns or April 15, whichever occurs sooner.

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