Personal income definition

Personal income means as defined by the bureau of economic analysis of the United States department of commerce or its successor.
Personal income means as defined by the bureau of eco-
Personal income also includes: - Any salaries or compensation received by the expatriate prior to, or subsequent to, the International Assignment, while self-employed or employed by a corporation unrelated to NTL DIGITAL US INC. - Any salaries, compensation or self-employment income received by the expatriate's spouse prior to, or subsequent to, the International Assignment. During the period of the expatriate's International Assignment, to the extent that an expatriate's spouse has a job in the host country, or is self-employed there, the spouse will be fully responsible for any income and social taxes imposed on the spouse's income. In this circumstance, the Year-End US. Tax Equalisation calculation will not reflect a final hypothetical US income tax on such income; and in calculating the actual US income tax if any, attributable to the spouse's income, the spouse will receive the full benefit of the spouse's "earned income exclusion" and the appropriate "foreign tax credit" available under US tax law. However, where the host country is the UK, the "married couple's allowance" will be deemed deductible by the NTL DIGITAL US INC expatriate and not by his spouse.

Examples of Personal income in a sentence

  • Personal income taxation is progressive, with a top marginal rate of 50% on taxable income in excess of EUR 51,000.

  • Personal income taxation is progressive, with a top marginal rate of 55% on taxable income in excess of EUR 1,000,000.

  • Personal income and self-employment taxes for Consulting Fees paid to Executive hereunder shall be the sole responsibility of Executive.

  • Personal income tax of party C will be drew and paid by the party B.

  • Personal income tax in Lithuania in the years 2007 and 2008 was charged 15% of the assessable personal income.


More Definitions of Personal income

Personal income encompasses income earned or received from sources other than NTL DIGITAL US INC. It includes, but is not limited to, TAX & SOCIAL SECURITY EQUALISATION POLICY amounts from the following sources which are taxable on an expatriate's actual US income tax return: - Dividends - State income tax refunds - Net capital gain, other than gain from the sale of an expatriate's US principal residence and gain from the sale of any residence owned by the expatriate country of assignment. - Net rental income (but excluding any NM DIGITAL US INC - funded expenses). - Net partnership income. Capital gain arising from the sale of an expatriate's US principal residence will not be tax equalised under the NTL DIGITAL US INC policy. In this connection, it is possible for an expatriate who sells his US principal residence (upon taking an International Assignment) to defer the Federal (but not all states') income tax on his gain, if any, by reinvesting the proceeds (within certain time limits) in a new principal residence. The tax consequences of selling versus renting should be discussed with the international tax consulting firm. In the event an expatriate chooses to sell his US principal residence, at any time, the expatriate will be responsible for the full amount of the income tax payable, if any, on the gain therefrom, as well as the full amount of the income tax payable, if any, on the sale of any residence owned by the expatriate in the country of assignment.
Personal income means the total personal income of all persons in
Personal income is defined as all:
Personal income includes all income reported on a joint income tax return, minus, to the extent documented to Funder’s satisfaction, any income earned solely by your spouse or domestic partner that is reported on the joint income tax return.
Personal income encompasses income earned or received from sources other than NTL Inc. It includes, but is not limited to, amounts from the following sources which are taxable on an employee’s actual US Tax Return: • Dividends. • Interest. • State income tax refunds. • Net capital gain, including the taxable gain from the sale of an employee’s US principal residence and gain from the sale of any residence owned by the employee in the country of assignment or any other country outside the USA • Net rental income (but excluding NTL Inc. funded expenses). • Net partnership income. (See “The Expatriate Policy” Sections 3.10 & 5.2 for general rules for house sales)
Personal income also includes: • Any salaries or compensation received by the employee prior to, or subsequent to, the International Assignment, while self-employed or employed by a corporation unrelated to NTL Inc.. • Any salaries, compensation or self-employment income received by the employee’s spouse prior to, or subsequent to, the International Assignment. During the period of the employee’s assignment, to the extent that an employee’s spouse has a job in the host country, or is self-employed there, the spouse will be fully responsible for any income and social taxes imposed on the spouse’s income. In this circumstance, the year-end US tax equalisation calculation will not reflect a final hypothetical US income tax on such income; and in calculating the actual US income tax if any, attributable to the spouse’s income, the spouse will receive the full benefit of the spouse’s “earned income exclusion” and the appropriate “foreign tax creditavailable under US tax law. “Personal losses” encompass losses funded exclusively by the employee. This category includes, but is not limited to: • Net capital loss deductible on the actual US income Tax Return. • Net rental loss deductible on the actual US income Tax Return (but excluding any NTL Inc. funded expenses). • Net partnership loss deductible on the actual US income Tax Return.
Personal income means the income of the primary caregiver and his or her spouse, in terms of these regulations, after all the permissible deductions have been made;