pretax income


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Pretax Income

An individual's total income before he/she pays any income tax or other tax, but after he/she takes deductions. For example, suppose one's salary is $50,000. If the person takes $10,000 in tax deductions, his/her pretax income is only $40,000.

pretax income

Reported income before the deduction of income taxes. Pretax income is sometimes considered a better measure of a firm's performance than aftertax income because taxes in one period may be influenced by activities in earlier periods. Also called earnings before taxes, pretax.

Pretax income.

Pretax income, sometimes described as pretax dollars, is your gross income before income taxes are withheld.

Any contributions you make to a salary reduction retirement plan, such as a traditional 401(k) or 403(b) plan, or to a flexible spending account comes out of your pretax income.

The contribution reduces your current income and the amount you owe in current income taxes.

pretax income

Income from an investment before income taxes.If there are significant tax advantages to an investment, such as low-income housing credits or bonus depreciation, the after-tax income will sometimes be larger than the pretax income.

References in periodicals archive ?
176) of pretax income has such deep roots that it probably cannot be dislodged by logical arguments.
ONE YEAR'S FEES, or two and one-half years' practitioner pretax income, plus the net value of tangible assets, is widely considered to be a normal price to pay for a small accounting practice and the accompanying transition services and other agreements.
When an intercompany sale is made, the difference between the taxes paid by the seller and the deferred tax asset recorded for the buyer's deduction would be reflected in consolidated net income even though no pretax income is reported in the consolidated financial statements.
8 million in the fourth quarter 2015 compared to pretax income of $1.
Including $300,000 in financing income in the most recent period and $2 million in expenses last year, pretax income before the Rite Aid gains expanded 3.
Pretax income in the personal insurance lines segment was $3.
The company said that for the quarter that ended 31 March 2005 it expects to report revenue totalling USD346m, operating income of USD22-27m and pretax income of USD3-8m.
If a $100 misstatement of XYZ's pretax income is considered material, is 1990 pretax income materially misstated?
For the year ended 2006, the bank reported pretax income of $3.
GAAP Pretax Income was nominally positive for the six months ended June 30, 2017 compared with GAAP Pretax Loss of USD 7.
MEMPHIS -- Operating profit and pretax income increased by double digits at Fred's Inc.
Pretax income for the Canadian drug store franchisor climbed to $25.