See: dependent-care spending account .
Insurance Encyclopedia
Tax sheltered annuity (Life Insurance)
An annuity wherein the contributions made deduct from the taxable income amount of the employees who participate. The benefits of this annuity are not taxable until they are paid out.
tax-deferred annuity (TDA)
See: Section 403(b) of the Internal Revenue Code .
Tax-qualified policies
See: long-term care insurance .
tax-sheltered annuity (TSA) plan
See: Section 403(b) of the Internal Revenue Code .
Taxable earnings
Taxable wages and/or self-employment income under the prevailing annual maximum taxable limit.
Taxable estate (Legal Terminology/Estate)
An amount calculated as the adjusted gross estate minus any marital deduction property and any charitable deductions.
Taxable payroll
Weighted average of taxable wages and taxable self-employment income. When multiplied by the combined employee-employer tax rate, it yields the total amount of taxes incurred by employees, employers, and the self-employed for work during the period.
Taxable self-employment income
Net earnings from self-employment, generally above $400 and below the annual maximum taxable amount for a calendar or other taxable year, less any taxable wages in the same taxable year.
Taxable wages
Salaries paid for services rendered in covered employment up to the annual maximum taxable amount.