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• Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).

  Internal Revenue Service - Cite This Source - This Definition
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  Cite Definition for income taxes

  American Psychological Association (APA)

  income taxes. (n.d.). Understanding Taxes Student Glossary. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/income-taxes.

  Chicago Manual of Style (CMS)

  income taxes. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/income-taxes (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "income taxes." Understanding Taxes Student Glossary. Internal Revenue Service. 5 June. 2023 http://www.expertglossary.com/definition/income-taxes.

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