Today's Market

updated 16 hours ago Sponsored by:
DOW 17,804.80 26.65 0.15%
S&P 500 2,070.65 9.42 0.46%
NASD 4,765.38 16.98 0.36%

Community: Investing Wiki

Term Of The Hour

tax terms: Original post by Tom Gresham of Demand Media "Pretax financial income" refers to income that is accumulated before income taxes are paid on it. "Taxable income" is the amount of income that is used in figuring the income tax that a person or business owes. Pretax financial income typically is used with businesses, and taxable income is used with both people and businesses.

Want to learn more or edit this definition?
Click here to read more!