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.
What is taxable on a dividend depends on the type of dividend you receive. You must report a dividend on your tax return if you can choose to accept either stock or cash and you take the stock. If the dividend can be redeemed for cash immediately, it is taxable.Ordinary dividends, usually received from a corporation or mutual fund, are taxable as ordinary income for you.f there is enough profit left over to pay out dividends to shareholders, the distributions are taxed again to the individual stockholders at their regular tax rates. A C corporation can be taxed at rates as high as 39 percent, as of 2011.