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What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
What is Pre tax Income?
Pre-tax income is the same as gross income OR the money you make before taxes are deducted/withheld.
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 disposable income and net pay the same thing?
NONet pay is what the employer pays after tax and all deductions are removed. Disposable income is what is left over when all your bills are paid. Think of it as the money you spend at the bar, or movies or church or restaurant's.
Is income the same thing as revenue?
yes
Is income the same thing as revenue how?
Yes, income is the same thing as revenue, however there are key words to help distinguish between the types of "income" or revenue.Revenue (sometimes referred to as income) is the money a company receives from providing a good or service. Sales Revenue or Sales Income are a good example of how Revenue and Income can be interchangeable. Both refer to the same thing, money brought into a business from "sales".Gross Income (rarely referred to as Gross Revenue) is the income a company has after the cost of goods sold are deducted.Net Income is basically the what's remaining of the Gross Income after all expenses such as Taxes, Salaries, Etc are paid.Retained Earnings is the final step. Retained earnings is simply PROFIT. It is what the company has after dividends are paid out of Net Income, if applicable. Retained earnings is what the company literally made after all COGS, Expenses, and Dividends are paid.
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
What is black income?
Black income is the salary kind of thing in which a person does bad things actually called black money is known as black income
What is Pre tax Income?
Pre-tax income is the same as gross income OR the money you make before taxes are deducted/withheld.
Is the economic stimulus and earned income credit the same thing?
No they are different.
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 disposable income and net pay the same thing?
NONet pay is what the employer pays after tax and all deductions are removed. Disposable income is what is left over when all your bills are paid. Think of it as the money you spend at the bar, or movies or church or restaurant's.
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
Is net sales and and net income the same thing?
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
Can Earned Income Credit money from income tax returns be taken to pay child support arrearages Or is the EIC money considered safe from garnishment?
NO earned income credit is not safe from garnishment. It is the same as taking money out of your paycheck, if you owe, they remove funds from your account.
