Monthly Income

Annualization
Annualization is a process outlined in the Internal Revenue Code in the United States, where taxable income for part of a year is extended or 'annualized' to a full year by multiplying it by 12 and dividing by the number of months involved. This computation gives a standardized monthly income amount for tax-related purposes.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.