Sentence examples for compute taxable from inspiring English sources
The starting point for computing taxable profits is profits before tax (except for a life assurance company).
The hard step in figuring your tax bill is to compute your taxable income -- roughly, the amount you earn, less the myriad exemptions, deductions and various other offsets described in the 3.4-million-word code of the Internal Revenue Service.
Accordingly, such income is generally added to (deducted from) regular business income to compute the taxable income.
Depending on the difficulty of computing the taxable income (and any tax credits) a simple tax can be steeply progressive and a flat tax can be wildly complicated.
If, for example, Kraft Foods finances a sausage factory entirely with bonds, the sausage operating profits escape corporate taxation because interest payments are deductible in computing corporate taxable income.
Don't wait till the last minute for computing your taxable income.
This taxable net income is computed after, not before, paper depreciation charges.
Once the filer know which tax form to use, the taxable income must be computed using the form and then entered into the online tax calculator, along with filing status, to calculate California state income tax.
Itemized deductions, by contrast, are claimed on schedule A, and the total is deducted after you've computed your AGI, but before you get to your taxable income.
