accumulated taxable income

The income of a corporation as adjusted for certain items (such as excess charitable contributions), less the dividends-paid deduction and the accumulated-earnings credit.

• It serves as the base upon which the accumulated-earnings tax is imposed. See accumulated-earnings tax under TAX. [Cases: Internal Revenue 3833.]

---

词条贡献者

法律翻译Carl，知名法学院法律英语专业，专注翻译各类与复杂商业纠纷有关的法律文件。