Income tax

Related Terms:

pay as you earn threshold tax shield pit graduate tax flat tax earned levy tax deductible net franking deduction 1040 gift aid carryback nondeductible taxable income net operating income tartan tax income tax return unearned income

Definitions:

Noun

income tax

Definition: a personal tax levied on annual income

Definition: A tax levied on earned and unearned income, net of allowed deductions.

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