The meaning of NONTAXABLE is not liable to taxation : not taxable. How to use nontaxable in a sentence.
Knowing what to claim as taxable and nontaxable income can reduce your tax liability. Here's what you should know.
Adj.1.nontaxable- (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation" exempt exempt- (of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are ...
Natalie is a teacher and holds an MA in English Education and is in progress on her PhD in psychology. Cite this lesson Explore how taxable and non-taxable benefits can be included in a worker's compensation package and understand their advantages and disadvantages. Review what compensation is...
Financial Benefits Employee Discounts What it is:This exclusion applies to a price reduction given to employees on property or services you offer to customers. The discount may not be more than the gross profit percentage times the price charged to non-employee customers or not more than 20% of...
It is a common notion that the non-profitable organization (NPO) will not be taxed due to its charitable nature although there are NPOs which are subject to being taxed under the legislation due to part of their income earned from non-related to the non-profit motives. However, the tax in...
income to be taxable, buta small number of income streams are nontaxable.1For example, if you are a member of a religious organization who has taken a vow of poverty, work for an organization run by that order, and turn your earnings over to the order, then your income is nontaxable....
Tax law is so convoluted and filled with exceptions that it becomes more and more difficult every year to keep up.&If you get an odd piece of income – something other than your W2 wages or a retirement distribution∧ you find you need to clarify the tax implications, here are some tips...
Tax Deferred - This amount is non-assessable and is used to adjust your cost base for CGT purposes. For AMITs this value should be left blank. AMIT Decrease - Relevant for AMITs when the taxable income attributed to you is less than the cash distribution you received. This amount is non...
non-taxable revenue/exempt revenue tax-free revenue/zero-rated revenue[still taxable,but tax at the rate of 0%]前者是对activity不征税(例子:慈善义卖,金融服务);后者是对activity征税,但是0税率(例子:出口货)