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151. Section 515 capped the housing allowance that can be deducted, with anything over the prescribed amount being counted as taxable income.

152. In theory, the profits of untaxed companies would reappear as taxable proceeds elsewhere in the economy.

153. The new rules make it legal and, of course; taxable.

154. Mr. Buffett's adjusted gross income was $62, 855, 038 in 2010, according to the letter, while his taxable income was $39, 814, 784.

155. The difference between the value and the ending book value of $ 500 is a taxable profit.

156. The income of a partnership or a single proprietorship is taxable only as personal income to the owners of the business.

157. Deductions are either standard or itemized A standard deduction reduces taxable income by a fixed amount.

158. Certain other expenses also may be deducted from taxable income, or one may elect to use the "standard deduction.

159. Supported a proposal that would exclude from an employee's taxable income the value of computers, software, and other equipment provided for teleworking.

160. Taxable year: Gregorian Calendar year in which the income is derived.

161. The American individual income tax law uses the comprehensive income tax mode and has certain regulations of the taxable income, filing status,(www.Sentencedict.com) tax rate and tax credit.

162. The final step in determining tax liability is to apply a schedule of rates to taxable income.

163. Instead, to keep your taxable account in balance, funnel your dividends, interest and any new savings into your portfolio's under weighted sectors.

164. If you're in a lower tax bracket, avoid tax-free bonds because you'll end up with less of a return than in higher-yielding taxable bonds.

165. Tax Considerations. The proprietorship itself is not a taxable entity.

166. The unemployment benefit is taxable and is counted as pensionable income.