Pretax Income

Business / Taxes / Pretax Income: Pretax income, sometimes described as pretax dollars, is your gross income before income taxes are withheld. Any contributions you make to a salary reduction retirement plan, such as a 401(k) or 403(b) plan, or to a flexible spending account comes out of your pretax income. The contribution reduces your current income and the amount you owe in current income taxes.

Other Words for Income

Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
MORE

After-Tax Income

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 cont MORE

Net Income Before Taxes

Business / Finance / Net Income Before Taxes: Total revenues minus total expenses except the income tax expense, for a specified time. Also known as pretax income. MORE

Net Income Approach

Business / Real Estate / Net Income Approach: A method of pricing multiple unit rental properties where the desire to buy is driven by the propertys ability to generate cash flow and profit. Most often used to price rental properties of 2 or more MORE

Links
Home
Glossary
Thesaurus