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Do they use gross or net income on tax returns?

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Can hospital judgments in the US take your income tax return?

In some cases, yes. If the hospital is affiliated with the federal government (ie, a VA facility) your federal tax refund may be offset for any outstanding medical debt. In so

Do you pay tax on your gross income or net income?

You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either..

Is gross profit the same as net income?

No. Gross will be what you make prior to any overhead expenses. For instance: You make a product using labor and material. Sales price less labor and material costs give you a

Is Net income before or after tax?

Net income is what you get after tax, gross income is before tax.

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 statement

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

Is annual income your gross or net income?

Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).

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

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