Do they use gross or net income on tax returns?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

6 people found this useful

Gross vs net income?

Gross and Net Gross refers to the total and Net refers to the part of the total that really matters. Gross vs Net Income In accounting, for a P&L (profit and loss stat

Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?

If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal retur

What is the net income after taxes on gross of 360.00 week?

There are several variables which will affect the answer such as the number of exemptions you claim, the state income tax rate, other state taxes such as unemployment and disa

If you're on social security disability and your gross income is 21600 do you have to file a tax return?

Social Security disability insurance (SSDI) is available to an ill/injured worker who hasn't been able to work for more than a year because of the illness/injury. Generally, i

What does gross income net of taxes mean?

It means your gross income minus the net tax deductions, the tax deductions as federal income taxes, state taxes, Fica, medicare, SUI/SDI. Other taxes are not included, such a

If your net income is 47000 what is your gross income?

Jones bought an income property for which $47,000.00 was deducted from gross income for operating expenses. If the operating expenses are 30% of gross income, the value of the

In my tax return do I give my total net income or total gross income?

Most of your income is taxable on the gross income level. Some items are excluded from taxable gross income (such as pretax deductions from your paycheck for child care or med