What CONTRACT PRICE means: With respect to an installment sale, one of the amounts used to compute the percentage of each principal payment that is taxable as gain. The contract is equal to the gross selling price when no mortgages are assumed. If a mortgage is assumed, the contract price is the gross selling price minus the amount of the mortgage plus the excess (if any) of the mortgage over the seller's basis and expenses of sale.
- Definition Community Income:
- Dictionary couple, living in a community property state, that is considered to belong equally to each spouse, regardless of which spouse receives the income. The community property states are Arizona contract price definition.
- Definition Commission:
- Dictionary The broker's fee for purchasing or selling securities or property for a client. An allowance paid to a salesperson or agent for services rendered contract price explain.
- Definition Cash Equivalent Doctrine:
- Dictionary basis taxpayer does not report income until cash is constructively or actually received. Under the cash equivalent doctrine, cash-basis taxpayers are required to report income if the equivalent of contract price what is.
- Definition Cost Method Of Inventory Valuation:
- Dictionary Valuing inventory purchased during the year at cost; that is, the invoice price less any discounts plus transportation or other costs incurred in acquiring the merchandise contract price meaning.
How works Contract Price meaning in Tax definitions C .
