Gross Taxable Income definition

Gross Taxable Income attributable to the employer means the amount specified on the employee’s W-2 issued by the employer and includes tips, bonuses or other compensation as required for purposes of federal individual income tax.
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Gross Taxable Income means total wage from all employment(s) at the time of revocation or refusal to renew the licence from the relevant Licensing Authority. The total wage will not include any voluntary overtime. If the Scheme Member has a variable wage i.e. not a fixed regular payment, the total wage will be calculated on a average amount earned in last 12 weeks. EXCLUSIONSThere shall be no liability for Wage Support Payment in the event that;1. Any physical or mental defect, infirmity, medical condition or chronic recurring illness which the Scheme Member could reasonably be expected to know existed at the date of entry into the Wage Support Payment benefit.2. Any claim arising within 39 weeks of the Scheme Member joining the Scheme. GENERAL CONDITIONS1. The Scheme Member shall, at his or her expense, furnish such certificates, information and evidence as may from time to time be reasonably required. The Scheme Member may be required to have a medical examination.2. The Scheme member agrees that the DriverCare Administration Unit may make all relevant enquiries to estabish the validity of the claim3. No sum payable under this Certificate shall carry interest.4. The Membership Subscription for participation in the Scheme is due for payment at the date cover commences and on the same day of each subsequent month.5. Entitlement under this Certificate shall terminate on the earliest date of any of the following events occurring:
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Gross Taxable Income means gross annual earnings minus expense, defined by local government income tax. Data are based on 2004 earnings.
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Examples of Gross Taxable Income in a sentence

  • This may be a positive or negative number.Line 6 - Gross Taxable Income of Fiduciary as ModifiedCombine Line 4 and Line 5 and enter the result on Line 6.

  • This may be a positive or negative number.Line 3 - Gross Taxable Income as ModifiedAdd Line 1 and Line 2.Line 4 - Connecticut Taxable Income From Connecticut SourcesPart-year resident inter vivos trusts with nonresident, noncontingent beneficiaries complete Schedule CT-1041FA- Line 4 Worksheet, Lines a through i, below.

  • In such cases, the court may find that the guidelines are inapplicable and may establish the child support award based on the factors set forth in N.J.S.A. 2A:34-23 and existing case law.Line 3 - Net Taxable IncomeSubtract the combined withholding tax, child support orders for other dependents, mandatory union dues, and the other-dependent deduction*, if any, from the Adjusted Gross Taxable Income to obtain the Net Taxable Income.

  • This may be a positive or negative number.Line 3 - Gross Taxable Income of Fiduciary as ModifiedAdd Line 1 and Line 2 and enter the result on Line 3.Line 4 - Connecticut Taxable Income of Fiduciary From Connecticut SourcesTo determine the Connecticut taxable income of the fiduciary from Connecticut sources, complete the Schedule CT-1041FASchedule CT-1041FA - Line 4 Worksheeta.

  • Gross Taxable Income: Only (A) Basic Rent in the amounts and no earlier than at the times such payments are accrued and (B) any gain realized by Lessor on the sale or other disposition of the Equipment at the time of such sale.

  • The Profit & Loss statement totals your Gross Taxable Income and lists all of your deductions(expenses) to arrive at your Net Taxable Income.

  • This may be a positive or negative number.Line 3 - Gross Taxable Income as ModifiedAdd Line 1 and Line 2.Line 4 - Connecticut Taxable Income From Connecticut SourcesPart-year resident inter vivos trusts with nonresident, noncontingent beneficiaries complete Lines a through i of Schedule CT-1041FA-Line 4 Worksheet.

  • Pension contribution (Br. 5300 x 0.04) ------------ 212.00  Total Deductions ------------------------------------ Br. 1404.50 TEWODROS: Gross Total Earnings ………………………………………………… Br. 1470.00 Gross Taxable Income ……………………………………………….

  • This may be a positive or negative number.Line 3 - Gross Taxable Income of Fiduciary as ModifiedAdd Line 1 and Line 2 and enter the result on Line 3.Line 4 - Connecticut Taxable Income of Fiduciary From Connecticut SourcesTo determine the Connecticut taxable income of the fiduciary from Connecticut sources, complete the Schedule CT-1041FA- Line 4 Worksheet below:Schedule CT-1041FA - Line 4 Worksheeta.

  • Gross Taxable Income fromSalary and all other sources (if any) 600,000 600,000 4,000,000 4,000,000Amount contributed in Atlas Pension Fund@ 12.5%@ 20%@ 12.5%@ 20%75,000120,000500,000800,000Maximum ceiling of Contribution for tax credit purposes* The tax rate shall apply as per the respective tax slab of each Participant.

Related to Gross Taxable Income

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Available Income means the Up-MACRO Available Income or the Down-MACRO Available Income, as applicable.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Gross Income from Operations with respect to any Hotel Property for any period, without duplication, all income and proceeds (whether in cash or on credit, and computed on an accrual basis) received by a Group Member or Qualified Manager for the use, occupancy or enjoyment of such Hotel Property, or any part thereof, or received by a Group Member or Qualified Manager for the sale of any goods, services or other items sold on or provided from the such Hotel Property in the ordinary course of such Hotel Property’s operation, during such period including without limitation: (a) all income and proceeds received from any Lease, Operating Lease and rental of rooms, exhibit, sales, commercial, meeting, conference or banquet space within such Hotel Property, including net parking revenue, and net income from vending machines, health club fees and service charges; (b) all income and proceeds received from food and beverage operations and from catering services conducted from such Hotel Property even though rendered outside of such Hotel Property; (c) all income and proceeds from business interruption, rental interruption and use and occupancy insurance with respect to the operation of such Hotel Property (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection thereof); (d) all Awards for temporary use (after deducting therefrom all costs incurred in the adjustment or collection thereof and in Restoration of such Hotel Property); (e) all income and proceeds from judgments, settlements and other resolutions of disputes with respect to matters which would be includable in this definition of “Gross Income from Operations” if received in the ordinary course of such Hotel Property’s operation (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection thereof); and (f) interest on credit accounts, rent concessions or credits, and other required pass-throughs; but excluding, (i) gross receipts received by lessees, licensees or concessionaires of such Hotel Property; (ii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels, although arranged by, for or on behalf of the Loan Parties or Qualified Manager; (iii) income and proceeds from the sale or other disposition of goods, capital assets and other items not in the ordinary course of such Hotel Property’s operation; (iv) federal, state and municipal excise, sales and use taxes collected directly from patrons or guests of such Hotel Property as a part of or based on the sales price of any goods, services or other items, such as gross receipts, room, admission, cabaret or equivalent taxes; (v) Awards (except to the extent provided in clause (d) above); (vi) refunds of amounts not included in Operating Expenses at any time and uncollectible accounts; (vii) gratuities collected by employees at such Hotel Property; (viii) the proceeds of any financing; (ix) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business; and (x) any credits or refunds made to customers, guests or patrons in the form of allowances or adjustments to previously recorded revenues.

  • Net Income (Loss) means, for any Person for any period, the aggregate of net income (or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP.

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.