TAXABLE INCOME Definition

Bookmark and Share

TAXABLE INCOME is that income that is reported to the government for the purposes of calculating income taxes. Taxable income normally is not aligned with the financial income reported within financial statements. See FINANCIAL INCOME.

Learn new Accounting Terms

MANAGEMENT BY EXCEPTION (MBE) is a management method by which only exceptional events are reported or acted upon. In this way management can focus only on those results or occurrences that deviate in some way from that what was expected.

MSRP is Manufacturers Suggested Retail Price.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.