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S.h.o.r.t. .u.n.d.e.r.s.t.a.n.d.i.n.g. .o.n. .t.h.e. .f.o.l.l.o.w.i.n.g. .t.o.p.i.c.s. I.n.d.i.v.i.d.u.a.l. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n C.R.E.A.T.E. .a.n.d. .T.R.A.I.N. .L.a.w G.r.o.s.s. .I.n.c.o.m.e. .E.X.C.L.U.S.I.O.N. .a.n.d. .D.E.D.U.C.T.I.O.N.S.

S.h.o.r.t. .u.n.d.e.r.s.t.a.n.d.i.n.g. .o.n. .t.h.e. .f.o.l.l.o.w.i.n.g. .t.o.p.i.c.s. I.n.d.i.v.i.d.u.a.l. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n C.R.E.A.T.E. .a.n.d. .T.R.A.I.N. .L.a.w G.r.o.s.s. .I.n.c.o.m.e. .E.X.C.L.U.S.I.O.N. .a.n.d. .D.E.D.U.C.T.I.O.N.S.

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S.h.o.r.t. .u.n.d.e.r.s.t.a.n.d.i.n.g. .o.n. .t.h.e. .f.o.l.l.o.w.i.n.g. .t.o.p.i.c.s.

  1. I.n.d.i.v.i.d.u.a.l. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n
  2. C.R.E.A.T.E. .a.n.d. .T.R.A.I.N. .L.a.w
  3. G.r.o.s.s. .I.n.c.o.m.e. .E.X.C.L.U.S.I.O.N. .a.n.d. .D.E.D.U.C.T.I.O.N.S.

.N.o.t.e.:. .P.h.i.l.i.p.p.i.n.e. .b.a.s.e.d. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n

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