taxable earnings
Reportable gross pay
Taxable earnings are the portion of income subject to taxation after deductions, exemptions, and adjustments.
The term appears most often in payroll contexts, where it determines how much of a worker's wages are subject to income tax, Social Security, or Medicare withholding: Your taxable earnings for Social Security are capped at a certain amount each year.
- adjusted gross incomeEarnings after initial subtractions
- tax bracketsIncome-based percentage groupings
- tax returnIncome declaration to government
- salaryFixed periodic employment payment
- wagesPayment for work
take-home pay · paycheck stub · standard deduction · royalties · bonuses · W-2 form · freelance income · side hustle · rental income · disposable income · business profits · passive income · dividends · 1099 form · capital gains · tax season · Form 1040 · severance pay
taxable earningstax deductions
Amounts reducing taxable income
allowable deductions · capital losses · write-offs · tax credits · business expenses
taxable earningsgifts
Items freely given
inheritances · life insurance proceeds · welfare benefits · workers' compensation · combat pay
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