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Clear AllTaxpayerfor taxpayer with only income from employment under Section40(1)of the Revenue Code OnlySpouseTaxpayer Identification No. Date of Birth:.................../................................../.....................
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Determine all sources of income including salary, dividends, and rental income.
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Calculate the total amount of income received from each source.
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Deduct any allowable expenses or deductions from the total income to arrive at the assessable income.
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Report the assessable income on the appropriate forms as required by the revenue code.

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Individuals who earn income from various sources and need to ensure compliance with the revenue code regulations.
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Assessable income refers to the total amount of income that is subject to taxation, while income is the money or earnings received by an individual or entity.
Individuals and entities who earn income that is subject to taxation are required to file assessable income and income.
The assessable income and income forms must be filled out accurately by providing all the required information about the income earned.
The purpose of assessable income and income forms is to calculate the amount of taxable income that an individual or entity has earned.
Information such as total income earned, sources of income, deductions, and tax exemptions must be reported on assessable income and income forms.
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