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What is the Difference between gross pay and social security wages?
From the employer to the employee no difference gross pay earnings and social security wages earnings would be the same thing.
Are actual earnings the same as net earnings?
yes
The ratio percentage of earnings retained is the same as that termed?
This year's retained earnings to net income.
Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
Is a company earnings are the same as its revenue?
A company's earnings are equal to revenue less costs of production over a given period of time.
Can you get reduced earnings and incapacity at same time?
yes you can
Is statement of earnings the same is an income statement?
yes
Does net income for the period equal retained earnings for the same period?
If company has the policy to not distribute profit as a dividend then retained earnings will be equal to net income otherwise dividend and retained earnings will be equal to net income.
What are teens wage earnings after pregnancy?
The same as before your pregnancy!
How much do you have to make before they take federal taxs out?
The first $1 of your gross earnings will have some social security and medicare taxes withheld. FICA stands for "Federal Insurance Contributions Act." It's the tax withheld from your gross earnings salary or your NET profit from your self-employment income that funds the Social Security and Medicare programs. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing. For the tax year 2010 the social security and medicare tax is withheld by your employer payroll department from your first dollar of your gross earnings at the 7.65% rate. The 7.65% amount is matched by your employer for a total of 15.3% contribution to the SSA insurance trustee. Then you will also have other federal income tax amounts and other items that your employer payroll department will be required to withhold from your gross earnings before you will be issued your NET TAKE HOME paycheck. You should ask the employer payroll department for the amounts that they will have to withhold from your gross earnings.
What is the amount of money you earn before taxes are taking out?
It is called your gross wages. It is what you actually earned. The tax withholdings are like any other bill you pay with your gross earnings with a few simple twists: it basically goes to a savings account and is withdrawn when you file a return and actually determine how much tax for the year needs to be paid, as people (even with the exact same gross earnings) rarely end up paying the same tax. If there is excess in that savings account when you file your return, it is refunded.
What does a post-closing trial balance contain?
Usually, a post-closing trial balance is prepared after the closing process; therefore. it contains balance sheet accounts. Only balance of retained earnings is different, the rest are the same of balance sheet or adjusted trial balance. The retained earnings are equal the retained earnings in the retained earnings statement.
