PROVISIONAL INCOME
\pɹəvˈɪʒənə͡l ˈɪnkʌm], \pɹəvˈɪʒənəl ˈɪnkʌm], \p_ɹ_ə_v_ˈɪ_ʒ_ə_n_əl ˈɪ_n_k_ʌ_m]\
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This income is achieved by adding gross income, interest that is tax free, 50% of benefits from social security and subtracting the necssary adjustment amount. This amount is then used by the IRS to determine if any taxes will need to be paid.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).