competenze soggette

English translation: taxable income

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:competenze soggette
English translation:taxable income
Entered by: Michael Meskers

03:21 Mar 7, 2020
Italian to English translations [PRO]
Business/Commerce (general) / Payslip (busta paga)
Italian term or phrase: competenze soggette
Hi there -

This is simply a line entry item on a payslip. I believe that it is something along the lines of the gross amount upon which deductions and taxes are based. Yet it isn't gross salary.

Does anyone know what an equivalent term might be in English?

Thanks a lot!

Michael
Michael Meskers
United States
Local time: 07:54
taxable income
Explanation:
L'imponibile IRPEF si calcola sottraendo i contrinuti prevideziali alla retribuzione lorda (totale competenze). (see ref., below)
Selected response from:

Wolfgang Hager
Italy
Local time: 12:54
Grading comment
Thanks so much for the help!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2taxable income
Wolfgang Hager
4deductable obligations
Vittorio Ferretti
3gross pay (minus deductions = net pay; would add in the preposition (subject to what?)
mrrafe


  

Answers


24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
deductable obligations


Explanation:
COMPETENZE SOGGETTE A DETASSAZIONE
see link


    Reference: http://www.proia.it/1/competenze_detassate_2048462.html
Vittorio Ferretti
Local time: 12:54
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
neutral  mrrafe: EN spelling: deductible
1 hr
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35 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
taxable income


Explanation:
L'imponibile IRPEF si calcola sottraendo i contrinuti prevideziali alla retribuzione lorda (totale competenze). (see ref., below)



    https://www.soldionline.it/strumenti/leggere-busta-paga/
Wolfgang Hager
Italy
Local time: 12:54
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 24
Grading comment
Thanks so much for the help!

Peer comments on this answer (and responses from the answerer)
agree  Cedric Randolph: see mrrafe's answer too
2 hrs

agree  martini
5 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
gross pay (minus deductions = net pay; would add in the preposition (subject to what?)


Explanation:
US tax forms don't structure the terminology this way. Rather, "taxable income" is calculated by the texpayer using the pay stub data (or the data summarized annually on a Form W2, for example) as a starting point before factoring in exemptions, deductions, & adjustments most of which don't appear on the pay stub. The pay stub shows "gross pay" or "base pay" which is the total payment from which the employer subtracts various amounts before giving the employee the remaining net pay. I think soggette describes certain portions of gross pay that are subject to, or recognized in the calculation of, certain subtractions such as various taxes or other fees, etc., retained by the employer before paying out the net. These portions of gross pay overlap; e.g., portions are subject to both Medicare and income tax simultaneously but some are subject to income tax only. But instead of saying "amount subject to Medicare tax," e.g., the pay stub will say "Medicare amount," meaning portion of gross pay that is used in calculating Medicare tax. See Dr. Hagar's example here or this other cite here.


    https://www.soldionline.it/strumenti/leggere-busta-paga/
    https://blog.wagepoint.com/all-content/how-to-read-a-paycheck-the-easy-way-infographic
mrrafe
United States
Local time: 07:54
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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