The county has a total population of 34,895 with 47% of the people living in the rural areas. Included in the Martin labor market area and within a radius of 25 miles of Martin are portions of six other Tennessee counties and two counties in Kentucky. Included in this area is a population of over 100,000 people.
DEFINITION of 'Taxable Income'. The amount of income that is used to calculate an individual's or a company's income tax due. Taxable income is generally described as gross income or adjusted gross income minus any deductions, exemptions or other adjustments that are allowable in that tax year.
Just what is taxable? While itâs true that some income items do escape IRS attention, for most of us thereâs not much the IRS doesnât consider taxable income. Of course, there are the standbys: salaries, wages, tips, commissions, interest and dividends, rental payments and all the money you made from that photography business on the side.