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riadik2000 [5.3K]
2 years ago
12

Is total taxable income the same as total income?

History
2 answers:
velikii [3]2 years ago
6 0
Yea that’s def it dnsnsnsnsnensnsnsnssmmssnnsnsnsnsnsns
Debora [2.8K]2 years ago
6 0

Taxable income starts with gross income, then certain allowable deductions are subtracted to arrive at the amount of income you're actually taxed on. Tax brackets and marginal tax rates are based on taxable income, not gross income.

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