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advance earned income credit
advance earned income credit Prepayments of the earned income credit by an employer to an employee.
adjusted gross income
adjusted gross income : an individual's gross income decreased by the amount of deductions allowed esp. for business expenses
nontaxable income
nontaxable income Income that is not taxed.
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life income option
life income option see option
Ordinarius Income-tax Act dicitu quia habet ordinariam jurisdictionem, in jure proprio, et non propter deputationem
Ordinarius Income-tax Act dicitu quia habet ordinariam jurisdictionem, in jure proprio, et non propter deputationem. Co. Litt. 96, (The ordinary
Income statement
Income statement, means a statement of all the revenues, expenses, gains, and losses that a business incurred during a
Imputed income
Imputed income, means the benefit one receives from the use of one's own property, the performance of one's services, or
life income-period certain annuity
life income-period certain annuity see annuity
Verba Income-tax Act sunt intelligenda ut res magis valeat quam pereat
Verba Income-tax Act sunt intelligenda ut res magis valeat quam pereat. Bacon.-(Words are to be so understood as that the
income statement
income statement A presentation of the sales, expenses, and profit or loss of a business on a periodic basis
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