The most precise tax definition of "income " is

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Accounting

The most precise tax definition of "income " is

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An income tax is a tax imposed on individuals or entities taxpayers that varies with respective income or profits taxable income Income tax generally is computed as the product of a tax ratetimes taxable income Taxation rates may vary by type or characteristics of the taxpayer The tax rate may increase as taxable income increases referred to as graduated or progressive rates The tax imposed on companies is usually See Answer

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The most precise tax definition of "income " is

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Accounting

The most precise tax definition of "income " is

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