Question

what is taxable income​

Answer 1

Taxable income refers to the base upon which an income tax system imposes tax. In other word, the income over which the government imposed tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions.

Answer 2

Answer:

Taxable income refers to the base upon which an income tax system imposes tax. In other word, the income over which the government imposed tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions.

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