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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
taxable income
Definition 1.
The amount of income subject to income taxes; found by subtracting the appropriate deductions (IRA contributions, alimony payments, unreimbursed business expenses, some capital losses, etc.) from adjusted gross income.
Definition 2.
Gross income less a variety of deductions.
Definition 3.
The amount of net income used in calculating income tax.
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