Description |
Taxable Income Amount |
Type : Currency |
Definition |
Amount of income that is subject to taxation by the state and federal government according to IRC Section 7702(f)(7). This is the adjusted gross income of wages, salaries, dividends, interest, capital gains, etc., less allowable adjustment deductions, which include but are not limited to contributions to retirement accounts, business expenses, and capital losses. |
Parents |
LifeUSA |