Changes

'''Taxable income''' is the [[income]] against which [[tax]] rates are applied to compute the tax paid; gross income of businesses or [[adjusted gross income]] of individuals less deductions and exemptions.

'''Taxable income''' is the [[income]] against which [[tax]] rates are applied to compute the tax paid; gross income of businesses or [[adjusted gross income]] of individuals less deductions and exemptions.

[[category:law]][[category:economics]]

[[category:Taxation]]