income tax

Definition
Annual tax levied by the Federal government, most states, and some local governments, on an individual's or corporation's net profit.




income tax is ...
... part of the
Taxes subject.


Related Terms

accumulated earnings tax -  More
Adjusted Gross Income -  More
effective tax rate -
joint return, overwithholding, underwithholding, provision for income taxes, tax bracket, taxable income, after-tax contributions, AGI, automatic stabilizers, bond  and  


income tax appears in these other terms

earned income tax credit


income tax appears in the definitions of these other terms on BusinessDictionary.com

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