Ask Question
4 September, 16:15

Which option best defines taxable income?

a) All the income you receive, from all sources, over the course of the year.

b) The amount of your income, after it has been reduced by exemptions, deductions, and credits, that is used to calculate the tax you owe.

c) The total amount of your paycheck after taxes and other items were deducted.

d) The total amount you earned before taxes and other items were deducted from your paycheck.

+2
Answers (1)
  1. 4 September, 17:15
    0
    Taxable income is The amount of your income, after it has been reduced by exemptions, deductions, and credits, that is used to calculate the tax you owe.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which option best defines taxable income? a) All the income you receive, from all sources, over the course of the year. b) The amount of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers