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Glossary   >   P   >   "Pre-tax Net Income" Definition            Pre-tax Net Income A corporation"s annual net income before it has paid taxes. In the USA, The Internal Revenue Service currently allows corporations to deduct charitable contributions as much as 10 percent of their pre-tax net income. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Pre-tax Net Income - A corporation"s annual net income before it has paid taxes. In the USA, The Internal Revenue Service currently allows corporations to deduct charitable contributions as much as 10 percent of their pre-tax net income.