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 and self-employment taxes for Consulting Fees paid to Executive hereunder shall be the sole responsibility of Executive.
Personal income tax payments, social security contributions, insurance, and all other governmental reporting and contributions required as a consequence of Contractor receiving payment under this Contract shall be the sole responsibility of Contractor.
Personal income tax of party C will be drew and paid by the party B.
Personal income and self-employment taxes for any fees or other compensation to which Employee is entitled during the Consulting Period shall be the sole responsibility of Employee.
Personal income and self-employment taxes for compensation received from the Company during the Consulting Period, including monthly retainers, shall be the sole responsibility of Employee.
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, 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 NTL 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 means the total personal income of the state as calculated by the Office of Planning and Budget according to the procedures and requirements of Section 63-38c-202.
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 credit” available 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 is defined as all:
a. Pre-tax (gross) wages, salaries, tips, and commissions earned by the Student from all employers in each tax year. (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on Line 7).
b. Taxable interest. (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on Line 8a).
c. Dividends (except for partnership distributions or those paid from enterprises at which the Student is employed). (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on Line 9).
d. Business income. (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on line 12.
e. Capital gains (or losses) paid to the Student. (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on Line 13).
f. Benefits from pension plans. (For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1040, this value appears on Line 16a).
g. Self-employment income earned by Student.(For illustrative purposes, as of the most recent tax year preceding this contract, for individual income tax filers using Internal Revenue Service (IRS) Form 1099-MISC, this amount is equal to the sum of Lines 3 and 7). In the event that Funder obtains insurance on its insurable interest in Student or funds insurance for Student, then such Funder-paid insurance shall not be considered Personal Income and the full amount of such Funder-paid insurance shall be payable to Funder and will not factor into Student's Personal Income. Unemployment benefits received by the Student shall not be considered part of the Student’s Personal Income. Personal Income shall be as calculated based on the statements on Student's Tax Return.
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.