Sentences with phrase «less allowable deductions»

Support is a flat percentage of the noncustodial parent's income (less allowable deductions) for each child.

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

Further, if a taxpayer's mining of virtual currency constitutes a trade or business, and the mining activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business, less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute selfemployment income and are subject to the self - employment tax.

Not exact matches

Now apply the «lesser of» rule, which states that your maximum allowable deduction is equal to the lesser of:

Estate taxes are calculated on the net value of your estate, which includes all your assets less allowable debts, expenses, and deductions (such as mortgage debt and administrative expenses for the estate).

In summary, taxable income is that portion of your gross income which is subject to taxation by the governing authority, less any allowable itemized or standardized deductions.

However, the QBI deduction is automatically allowable only to those companies / individuals that earn less than $ 157,000 as a single filer, or $ 315,000 as joint filers.

«The more allowable tax deductions you have for freelance work expenses, the less you'll pay.