Accessible Income and Tax Exempt Income

The formula for taxable income then becomes accessible income minus allowable deductions. In fact, this is specifically stated in your tax returns. So let's use an example to highlight the three forms of income by using an example. Amy is a pharmacist who works at a pharmacy and makes $100,000 per year. She also has a share portfolio worth $200,000 with an annual dividend of 4%. On weekends, she lowcomes as a pharmacist as well as working at another pharmacy and earns an extra $30,000 peryear. This gets her another $10,000 from playing regular scratchy which is a form of Lotto. The $10,00 that she won is not