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The answer depends on the country that you are domiciles in, for tax purposes.
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∙ 9y ago
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Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
What is after taxes net or gross?
Net Income is after taxes.
If 30 cents out of every 1 dollar goes to taxes and the rest is net income what is the ratio of?
3:7
Net income is equal to your gross income plus taxes?
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
What is income ratio in mutul fund industries?
income ratio of a mutual fund is defined as a ratio of net investment income to its average net asset value.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
How do you calculate your net income after taxes?
Your income before taxes is your operating income, and your income after taxes is your "net" income. * + Net Sales (Sales - Returns) * - Cost of Goods Sold * ------------------------------------ * = Gross Profit (Gross Margin, Gross Income) * - Operating Expenses * ------------------------------------- * = Operating Income * + Gains (not related to usual operations) * - Losses (not related to usual operations) * ----------------------------------------------------- * = Earnings before Interest and Taxes * - Interest * - Taxes * ------------------------------------------------------ * Net Income
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
Are taxes deducted from gross income or net income?
Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.
Net monthly income?
Net income is you income before taxes. To calculate take your pay before taxes(which is your gross income) and subtract it by the amount of taxes you have paid.i.eYou earned $200.00taxes paid -$ 50.00Net Income $150.00
What happens to net personal income when the government lowers taxes?
your net income increases, but your income tax decreases
What happens to net personal income when government lowers taxes?
your net income increases, but your income tax decreases
