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zmey [24]
2 years ago
15

What is a person's taxable income?

Social Studies
2 answers:
Black_prince [1.1K]2 years ago
8 0

the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year. It is generally described as gross income or adjusted gross income (which is minus any deductions or exemptions allowed in that tax year).

Marizza181 [45]2 years ago
8 0

Answer:

It is the gross income after subtracting exemptions and deductions  (Gradpoint answer)

Explanation:

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