Newsday What the IRS calls salaries and bonuses Crossword Clue Puzzle Answer from August 11, 2024

What the IRS calls salaries and bonuses Newsday Crossword Clue Answer

Let’s find the answers to What the IRS calls salaries and bonuses Newsday for the August 11, 2024 edition of Newsday crossword puzzle. Answer Contains 14 letters. Start with O and end with E, and the possible solutions are OVEREMPHASIZE,OVEREMPHASIZE,ORDINARYINCOME.

Here is the right answer to the crossword clue What the IRS calls salaries and bonuses featured in the Newsday puzzle. The correct answer to this clue is ORDINARYINCOME.

The crossword clue "What the IRS calls salaries and bonuses" refers to a specific classification of income recognized by the Internal Revenue Service (IRS). In tax terminology, "salaries and bonuses" are considered a type of income that is subject to ordinary income tax rates.

The IRS categorizes this as "ORDINARY INCOME," which encompasses wages, salaries, bonuses, and other forms of earnings that are taxed at regular income tax rates. This classification is contrasted with other types of income, such as capital gains, which may be taxed at different rates. Therefore, the answer "ORDINARYINCOME" accurately reflects how the IRS classifies salaries and bonuses.

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