Assertion: cooperative's income | /r/HasProperty | gross
Facets:
Source sentences:
text: Unlike stock dividends, a cooperative may deduct the amount of any patronage dividends from its gross income before calculating its taxable income.
text: As discussed above, a cooperative may deduct the amount of any patronage dividends from its gross income before calculating its taxable income; this means that only the individual patrons receiving the patronage dividend might be taxed on those amounts.