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3 taxable income - PowerPoint PPT Presentation

Income: Income includes both taxable and nontaxable types of income Deductions:

Income: Income includes both taxable and nontaxable types of income Deductions: Deductions are amounts that tax law specifically allows as subtractions from gross income. The rule is that an item may not be deducted unless the tax law specifically permits it.

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392 views • 20 slides

Income Tax Concepts chapter (2)

Income Tax Concepts chapter (2). Tax prepayments: - Employees prepay taxes on wages through payroll-tax withholding .

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211 views • 11 slides

Case (9) :

Case (9) : Mr. Ibraheem work at the ministry of finance in Gaza with monthly base salary 1742.77 NIS and has additional career 25% from the base salary. He has monthly the following: Additional allowance for (wife) 60 NIS Additional allowance for (son) 20 for each son * 2= 40 NIS

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199 views • 7 slides

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3 taxable income - PowerPoint PPT Presentation

Income: Income includes both taxable and nontaxable types of income Deductions:

Income Tax Concepts chapter (2)

Case (9) :