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income is the amount of money you receive, particularly what you get after working for a certain period of time or commonly known as wage, salary
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What does revenue income mean?
Revenue is income that is basically income such as, income, income and more income. Do You Understand ?!
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
Income distribution in Philippines?
the income is income
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
What is the difference between gross income net income and taxable income?
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.
What is the distinction between operating and non operation income?
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
What is the income you earn from the shares dividend?
Income earned from shares is called dividend income and shown in income statement as "Other income".
Is income from operation the same as net income?
Income from operation is only the income from basic business activity of buisness while net income is the overall income from basic operations as well as income from other activities.
Is gross income higher than net income?
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
How is gross income different from net income?
net income is gross income less expenses
