taxation definitions

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Last updated 2:14 PM on 4/7/25
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6 Terms

1
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Income

all wealth which flows into the taxpayer

2
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TP Income

amount of money coming to a person

3
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gross income

income reduced by exclusion

4
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taxable income

pertinent items of gross income

5
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capital

fund or property

6
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gross income

total income of a taxpayer subject to tax