final income

final income

the INCOME received by a household (or person) after allowing for any payment of INCOME TAX and other taxes and the receipt of various TRANSFER PAYMENTS (social security benefits, etc.). Compare ORIGINAL INCOME. See REDISTRIBUTION-OFINCOME PRINCIPLE OF TAXATION.
References in periodicals archive ?
This includes final income taxes withheld, creditable income taxes, value-added tax, documentary stamp tax, taxes withheld on compensation; fringe benefit tax; and corporate income tax.
Estate income taxes would be impacted by the TCJA the same as other fiduciaries, with the added option of electing a fiscal year and possibly wrapping up an estate and filing final income tax returns.
ISLAMABAD -- Tax authorities have proposed the abolition of a distortive final income tax regime for both exporters and importers in a bid to capture their real income - a move, if proved successful, may help the government document the economy.
the increase in final income because of new spending - of domestic manufacturing activity is weak in Pakistan.
Additionally, consideration should be given as to whether a final income tax return needs to be filed if there is no income in the final year of an estate's administration and the only reason to have filed previously was to take advantage of the excess deduction, as it is no longer available to estate beneficiaries.
“Fidelity has done modeling, and, in our point of view, a goal of saving 10 times final income is applicable for people who make $50,000 to $250,000 per year, which covers between 85% and 90% of workers based on our market share of participants,” Taylor adds.
The objective of this dimension is to replace 85 percent of your final income in retirement.<br />What happens if you are not on pace for your retirement dream?
In addition to the fictitious muster roll expense, another Nu 15.957mn was charged in the final income statement on account of iron and steel without any supporting document.
But the TRAIN-2 package is espousing that "royalties derived from sources within the Philippines shall be subject to a final income tax rate of 20%."
Quarterly remittance return of final income taxes withheld (BIR Form No.
President Joko Widodo (Jokowi) has said the final income tax for the Small and Medium Enterprises (SMEs) will drop to 0.5% from the previous 1%.
In addition to reporting calendar year 2017 consolidated net sales of $4.9B, down 6.3% compared to reported net sales of $5.3B in the prior year, Perrigo announced it will reschedule its fourth quarter and fiscal year 2017 final earnings release and conference call, previously scheduled for Tuesday, February 27, as the company needs additional time to complete its final income tax review procedures related to reconciliations of specific non-cash items.