The phrase
"taxable amount" refers to the portion of your income or transaction that is subject to taxation. It represents the money or value on which you are required to pay taxes.
Full definition
Similar and related words and phrases are presented below.
«taxable»
«amount»
Related phrases
Sentences with «taxable amount»
- The additional tax applies to the entire taxable amount of the distribution unless an exception applies. (turbotax.intuit.com)
- The maximum taxable amount is updated annually on the basis of increases in the average wage. (ssa.gov)
- However, a special rule treats a distribution you roll over into an eligible retirement plan as including only otherwise taxable amounts if the amount you either leave in your IRAs or do not roll over is at least equal to your basis. (fairmark.com)
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