Taxable Income (CORNELL UNI)

selflearner
Mon, 29 Jan 2007 21:55:15 +0000

Hi,

I was just curious what doed “taxable income” literally mean? Is it the income on which you have to pay tax to the gov’t? Or is it the income on which the gov’t gives you money when you file your tax return?

It was asked on my Cornell’s HEOP application, and here’s the exact version just in case if you need to answer my question:

2. Write the name of each person in your household who received taxable income in the calendar year 2006. Please show the estimated or actual total taxable income for each person in the space provided. Please forward a copy of each person’s 2004 and 2005 U.S. Income Tax Returns (IRS Form 1040, 1040A, or 1040EZ) and W2



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