taxable income is a persons gross income minus \n\na. profits\nb. hours worked\nc. revenue\nd. allowable…

taxable income is a persons gross income minus \n\na. profits\nb. hours worked\nc. revenue\nd. allowable deductions

taxable income is a persons gross income minus \n\na. profits\nb. hours worked\nc. revenue\nd. allowable deductions

Answer

Brief Explanations:

Taxable income is calculated by subtracting allowable deductions from gross income. Deductions are amounts that reduce the amount of income subject to tax. Profits, hours worked, and revenue are not what are subtracted from gross - income to get taxable income.

Answer:

D. allowable deductions