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.
While taxable income can include wages, salaries, bonuses, commissions and tips, it may not be as easy to define as you might think. This question isnât as easy to answer as you might think. Most people realize that taxable income includes wages, salaries, bonuses, commissions and tips. But as you can see from this list, income means a lot more than that to the IRS. Taxable income includes: Fees for acting as an executor, trustee or estate administrator.