Taxable Income


Definition of "Taxable income"

Barry  Newman
  @ Properties


  1. Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate schedules.
  2. Corporation: Gross income less allowable business deductions.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ