Business / Taxes / After-Tax Income: After-tax income, sometimes called post-tax dollars, is the amount of income you have left after federal income taxes (plus state and local income taxes, if they apply) have been withheld. If you contribute to a nondeductible individual retirement account (IRA), a Roth IRA, or a 529 college savings plan, purchase an annuity, or invest in a taxable account, you are using after-tax income. In contrast, if you contribute money to an employer sponsored retirement plan or flexible spending account, you are investing pretax income.
Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
Business / Debt / Net Income: Net profit attributable to ordinary shareholders after the deduction of all other charges. MORE
Business / Agriculture / Net Income (Food Stamps): As relates to the food stamp program, net monthly income is an amount calculated for each food stamp household that, together with its size, effectively determines its food stamp benefit. It is calcul MORE