Net incomeIncome Tax Float YEAR Person Formula Included used 1 time
Value type Float . Default value 0 Entity person
How is this calculated?
To calculate this variable, the following input is used
- Float income_tax__annual_gross_income Annual gross income
- Float income_tax__annual_total_deduction Annual total deduction
Where is this used?
This variable is referred to by these other variables in their own calculations
- Float income_tax__taxable_income A person's taxable income for a tax year
This is the formula used to calculate the value of income_tax__net_income
This formula is used for scenarios from the date 0001-01-01 onwards. More info on formulas
def formula(person, period, parameters): net_income = person('income_tax__annual_gross_income', period) - person('income_tax__annual_total_deduction', period) return ( net_income * (net_income > 0) )