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taxable income

From Longman Business Dictionary
Related topics: Tax
taxable incomeˌtaxable ˈincome [countable, uncountable]TAX the amount of income used as a basis to calculate tax after taking away ALLOWANCEs, DEDUCTIONs etc from gross incomeSomeone with a taxable income of $90,000 has, on average, a gross income of $125,000. income
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