subject to income tax

38 examples (0.02 sec)
  • Residents, however, are generally subject to income tax on all worldwide income.
  • Workers are also subject to income tax laws.
  • The Alaska basic income is subject to income tax on the federal level.
  • Under normal circumstances the money received by the volunteers would be subject to income tax and therefore the scheme would be unattractive to them.
  • Businesses are subject to income tax in a state only if they have sufficient nexus in (connection to) the state.
  • This apparent increase was negated by the fact that under the ACT scheme, dividends were no longer subject to income tax.
  • Single premium contracts and those running for a short term are subject to income tax depending upon the marginal rate in the year a gain is made.
  • Members of an LLP are subject to income tax on their income as trading income in the same way as a normal partnership.
  • Certain minimum amounts of wage income are not subject to income tax withholding.
  • Revenue profits are distributed to the Sovereign, and are subject to income tax.
  • Under the U.S. system, individuals, corporations, estates, and trusts are subject to income tax.
  • Although the partnership generally is not subject to income tax, every partner is liable for tax on his share of the partnership income, whether or not distributed.
  • Inheritance tax for most people is a tax-on-tax, in that wealth such as personal savings and property would have been built up from personal income already subject to income tax.
  • Employee compensation includes the wages and salaries paid to anyone whose income is subject to income tax withholding.
  • A distinction is made between: If a taxpayer's income does not fall into any of these categories, then it is not subject to income tax.
  • By contrast, nonresidents are generally subject to income tax on the gross amount of income of most types plus the net business income earned within the jurisdiction.
  • By contrast, partnerships are not subject to income tax, but their partners calculate their taxes by including their shares of partnership items.
  • Honoraria to employees are subject to Income Tax and National Insurance contributions under PAYE.
  • However, if a "non-qualified" withdrawal is made, the earnings portion will be subject to income tax and an additional 10% penalty tax.
  • Additionally, the trust fund established by the state of Michigan was required to receive prepayments and be subject to income tax on earnings from the invested funds.
  • Next »