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Are wages considered to be taxable income under the income tax?

April 26, 2017income taxable wages

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Are wages considered to be taxable income under the income tax?

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Yes. Wages are considered to be taxable income under the income tax. However, wages is not just another word for compensation, or pay. Wages, when used in the context of the income tax, is limited to the definition given it in the law governing the income tax.