摘要: Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income.
Earned income includes a[阅读全文:]
摘要: The amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Earnings typically refer to after-tax net income.Ultimat[阅读全文:]
摘要: A type of tax credit available to students of a post-secondary educational institution, such as a college or university. Education credits may be claimed by those who incur qualifying educational expe[阅读全文:]
摘要: A taxation principle referring to income taxes that are paid twice on the same source of earned income.
Double taxation occurs because corporations are considered separate legal entities from t[阅读全文:]
摘要: A tax law that causes the same earnings to be subjected to taxation twice. A company's income is taxed initially and then the shareholders and investors are taxed on the distributions they receive fr[阅读全文:]
摘要: Any form of tax or tariff that is rebated to the payor. This type of rebate is awarded to importers and exporters who paid tax on goods imported into their home country, and then exported those goods [阅读全文:]
摘要: A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the Presiden[阅读全文:]
摘要: To renounce an interest or obligation by way of a legal instrument - usually a written disclaimer, or a disclaiming trust. Property may be disclaimed for several reasons: because it is unwanted, becau[阅读全文:]
摘要: The amount of an individual's income that is left for spending, investing or saving after taxes and personal necessities (such as food, shelter, and clothing) have been paid. Discretionary income inc[阅读全文:]
摘要: A type of income that can disqualify an otherwise eligible taxpayer from receiving the earned income credit. Disqualifying income consists of both taxable and tax-free interest, dividends, net income [阅读全文:]