Sec. 1.66(a)-2).This deduction is known as the income distribution deduction and is reported to the beneficiary on Form 1041 Schedule K-1. At first glance it appears that by not taking the deduction on the estate income tax return that the beneficiary could avoid picking up the tax on ...
money received by a person as wagesetc.He cannot support his family on his income.sueldo,salario income tax a tax paid on income over a certain amount.impuesto sobre la renta ˈincome-tax returnnoun an official form that has to be completed with information about one's income and expenses...
a tax on the income of a person or business income tax 例句 1.Wage earners are liaBle to income tax. 劳动者应交纳所得税. 2.They kept back five dollars from her wages for income tax. 他们从她工资中扣了五美元所得税. 3.We have income tax, inheritance tax, and others. ...
Personal Income Tax In subject area: Economics, Econometrics and Finance Money income is defined as income received on a regular basis (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, social security, union dues, Medicare deductions, etc. From:...
Knowing what to claim as taxable and nontaxable income can reduce your tax liability. Here's what you should know.
For taxation purposes, income refers to the types of revenues that are eligible forincome tax. These definitions may vary by jurisdiction. Salaries and sales are typically consideredtaxable income, but inheritances and gifts usually are not. ...
Greater reliance on inheritance and gift taxes…appears to be output-enhancing by comparison with other revenue sources. I realize the study is only claiming that such taxes are less damaging than other taxes, but it still doesn’t make sense since death taxes directly drain capital out of the...
a2.International tax includes direct tax (e.g., income tax and corporate tax, inheritance tax and gift tax) and indirect (such as: additional value added tax, the tax and stamp duty tax, phone), these are foreign tax types are most often encountered in Korea. 2.International税包括直接税 ...
In some situations a taxpayer's wealth directly increases through income that is not included in the determination of income tax. For example, gifts and inheritances are excluded from income in order to encourage theTransfer of Assetswithin families. However, any income realized from a gift or ...
advance payment of income tax【经】 预缴所得税 federal income tax【经】 联邦所得税 相似单词 incomen.[C,U]收入;收益;所得 taxn. 1.[C,U]税,税金(+on/upon) 2.负担,压力(+on/upon) 3.(会社,团体等的)会费 v.[T] 1.向……课税 2.向……收会费 3.使负重担,使受压力 ...