Annualization

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Definitions
Annualization
Annualization Internal Revenue Code Taxable Income Monthly Income Tax Computation
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.
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