What is another word for assessable income?
Pronunciation: [ɐsˈɛsəbə͡l ˈɪnkʌm] (IPA) 
Assessable income refers to the amount of income an individual or entity is required to report on their tax return. It includes all sources of income such as wages, rental income, interest, and dividends. There are several synonyms that can be used to describe assessable income which include taxable income, gross income, total income, and earnings. These terms are often used interchangeably, but they refer to the same concept of income that is subject to taxation. It is important to accurately calculate and report assessable income to avoid penalties and legal implications. Seeking professional accounting assistance may be necessary for individuals or entities unsure of their assessable income.
