Total income means the total compensation received during the taxable year for services rendered. The term includes salaries, wages, bonuses, and any other type of compensation paid during the taxable year to a race team member for services rendered in that year. The term does not include strike benefits, severance pay, termination pay, contract or option year buy-out payments, expansion or relocation payments, or any other payments not related to services rendered to the race team.

Total income means the total income, other than income specified under Section 12 of this Act, derived by a person during an accounting period before subtraction of any deductions.

Total income means total income as defined in section 10;

Examples of Total income in a sentence

Total income less than total claim amountCheck this box if your total income for the year from all employers and payers will be less than your total claim amount on line 13.
Pass-Through Income- Income paid by tenants such as:Common area maintenance (CAM) reimbursements – Total income received from tenants for their share of the common area maintenance.Insurance Reimbursements - Monies paid to owner for insurance claims.Real estate tax reimbursement - Income to the property from the tenant’s prorated share of real estate taxes (pass-thoughs), usually above a base amount or real estate stop as specified in the terms of the lease.
Total income dividends for which record date passed during the period.
Total income including short-term capital gain is chargeable to tax as per the relevant slab rates.
Total income tax expense included in the Consolidated Statements of Income reflects the Federal statutory rate of 35%.

More Definitions of Total income

Total income means, in relation to a person, the aggregate amount of his income, other than income exempt from tax under Part III, chargeable to tax under Part II, as ascertained under Part IV;

Total income means Total Revenue = Net Sales + Other operating Revenues + Other Income as mentioned and described in the Books of Accounts of the Company.

Total income means Ohio adjusted gross income of the owner and the owner's spouse for the year preceding the year in which application for a reduction in taxes is made, as determined under division (A) of section 5747.01 of the Revised Code.

Total income means the aggregate amount of the income of any person from the sources specified in Part II of this Act, remaining after allowing the exemption under Part III and the deductions under Part IV, and computed in accordance with the provisions of Part V:

Total income means income as defined by the Pennsylvania Department of Revenue for reporting for the Property Tax/Rent Rebate program. “Property Tax Paid” shall be the property taxes paid to the School District during the 2017/2018 School District Fiscal Year. Property taxes must have been paid prior to December 31, 2017 to qualify for Property Tax Rebate.

Total income means the adjusted gross income of the owner and the owner's spouse for the year preceding the year in which application for a reduced rate loan under a property tax payment linked deposit program is made, as determined under the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as amended, adjusted as follows: