Total Tax Liability definition

Total Tax Liability means the total of all tax, penalties and/or interest owed by a taxpayer and shall include sales tax collected in excess of such tax computed on total sales.

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Total Tax Liability means the combined total of the transaction privilege tax, telecommunications services excise tax, and county excise tax liabilities.

Total Tax Liability shall be determined by assuming an effective tax rate equal to the maximum federal (net of any deduction for Massachusetts tax) and Massachusetts income tax rate applicable to individuals without consideration of the effect of any deductions, offsets or credits available to the Partner (or its direct or indirect partners or members) from other sources, and shall be appropriately adjusted to take into account the different tax rates that may be in effect for different taxable years.

Examples of Total Tax Liability in a sentence

Any Combined State Total Tax Liability in excess of the SNI Group State Tax Liability (“EWS Group State Tax Liability”) shall be the responsibility of EWS and EWS shall indemnify SNI and SNI Affiliates from and against the EWS Group State Tax Liability for all taxable years ending on or before December 31, 2007.
The SNI Combined Group’s share of each Combined State Total Tax Liability (“SNI Group State Tax Liability”) will be based on the apportionment percentage of all members of the SNI Combined Group, determined with reference only to those companies that are subject to such state’s taxing jurisdiction, as if such members of the SNI Combined Group had filed a separate Combined Return.
If the aggregate amount of Tax Distributions made in respect of such Fiscal Year exceeds the amount of the Hypothetical Total Tax Liability with respect to such Fiscal Year (based on the information returns filed by the Company), then Tax Distributions for subsequent Fiscal Years shall be reduced by the amount of such excess.
If the NextWave License Deposit, the NextWave Upfront Payment, and the Total Tax Liability together exceed $3.731 billion, NextWave agrees that it is not entitled to any reduction, offset, or refund of any payments.
Seller will provide to USCO, as soon as practicable, all information reasonably necessary for USCO to verify the amount of the Total Tax Liability.
The General Partner, in its sole discretion, may cause the Partnership to make periodic distributions in accordance with this Section 5.5 to the extent that BCPP, L.P.'s estimated Total Tax Liability with respect to the period is less than the distributions otherwise payable to BCPP, L.P. for such period.
In determining the number of InvestView shares of common stock to be issued to Buyer hereunder, the Total Tax Liability shall be multiplied by three (3) and then divided by the lowest closing bid price of InvestView’s common stock during the ten trading days prior to the date of the Tax Payment Default (“INVU Stock Price”).
Federal Bracket (%) + State bracket (%) = Total Tax Liability ($) Therefore, an individual’s total tax liability is a combination of Federal and State taxes.
To the extent that the True-Up Payment, the NextWave License Deposit, the NextWave Upfront Payment, and the greater of the Advance Tax Payment and the Total Tax Liability (collectively, the Settlement Payments) are less than $3.731 billion, NextWave shall increase the True-Up Payment to the Commission so that the Settlement Payments equal $3.731 billion.
This Advance Tax Payment of $3.052 billion can be used by NextWave only as a credit against its Total Tax Liability for the Taxable Period and not on a subsequent claim for refund; and it cannot be carried forward or carried back to any other tax period and is not available for use or tax benefit in any year other than the Taxable Period.

More Definitions of Total Tax Liability

Total Tax Liability means the Seller's aggregate US federal and state tax liability arising solely from the receipt by Seller of the U.S. Consideration. Seller will provide to USCO, as soon as practicable, all information reasonably necessary for USCO to verify the amount of the Total Tax Liability.

Total Tax Liability means the (i) the state income tax, federal income tax and Social Security and Medicare tax liability estimated to be payable with respect to a Participant’s Total Change of Control Value and Severance Benefit and (ii) any excise tax liability under Section 4999 of the Code estimated to be payable with respect to the Participant’s Severance Benefit and the equity awards underlying the Participant’s Unvested Long-Term Incentives, disregarding for purposes of this excise tax calculation any other payments that may constitute a “Payment” as defined in Section 5.2(c) and determined as if the Participant terminated employment as of the date of the Change of Control. For purposes of calculating each Participant’s Total Tax Liability, applicable taxes are applied at the highest rate in effect at the time of the Change of Control and achievement of the Social Security wage base is disregarded.

Total Tax Liability includes the Shareholders' aggregate federal and state tax liability, including any penalties, interest, fees or costs, arising solely from the Five Star Purchase.

Total Tax Liability has the meaning set forth in Section 4. “True-Up Payment” has the meaning set forth in Section 9.

Total Tax Liability means the combined total of the transaction privilege tax,