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Do account receivable need to plus with net income to get net account receivable?
Wiki User
∙ 12y ago
No, Accounts Receivable is not added to net anything. Net income is the "net" amount of all income. Accounts receivable is not considered "INCOME" until it is actually "received". Net income is something you've already received, not something you will receive in the future (as is accounts receivable).
Net Receivables is defined as: The total money owed to a company by its customers, minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage; the higher the percentage, the more money a company is able to collect from its customers and the better off the company is.
Read more: http://www.investopedia.com/terms/n/netreceivables.asp#ixzz1tv4KQSML
The Equation is Account Receivables - Allowance for Bad Debts
Wiki User
∙ 12y ago
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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.
Does a 401k early withdrawal have to be counted as earned income?
Yes it is income, plus you will be assessed a penalty.
Do you have to show on your tax return if you transfer a huge amount using the balance transfer check from a credit card into your checking account?
That is not counted as income, it is debt. You are not being paid for working or asset liquidation, etc. You have to pay back the amount plus fees and interest. So it cannot be classified as income.
What is the formula for net income?
In simplest terms, it is total (gross) income (before taxes) plus benefits minustaxes.
The money income of households consists of the sum of?
The money income of households consists of the sum of wages plus salary.
How to calculate gross receivable?
you have to take at first Account Recievable plus Allowance for doubtful ex: Accoun Receivable = 1807 Allowance for Doubtful = 100 Gross Receivable 1907 any question in Accounting : aziz4z@hotmail.com
What is guest ledger?
A subsidiary ledger related to the accounts receivable general ledger account used by hotels to record the individual account activity of guests who are still at the hotel. The total of the balances in the city ledger plus the total of the balances in the guest ledger should equal the balance in the accounts receivable general ledger account.
Differentiate between national income at market price and national income at factor cost?
National income at factor cost is the measure of national income or output based on the cost of factors of production.This allows the effect of any subsidy or indirect tax to be removed from the final measure. National income at market prices is the total income receivable plus taxes on production and imports less subsidies.
What are the dollar amounts for determining tax brackets?
It depends on the filing status. For 2008: (Tax Rate Schedule X) * 10% on income between $0 and $8,025* 15% on the income between $8,025 and $32,550; plus $802.50* 25% on the income between $32,550 and $78,850; plus $4,481.25* 28% on the income between $78,850 and $164,550; plus $16,056.25* 33% on the income between $164,550 and $357,700; plus $40,052.25* 35% on the income over $357,700; plus$103,791.75(Tax Rate Schedule Y-1) * 10% on the income between $0 and $16,050* 15% on the income between $16,050 and $65,100; plus $1,605.00* 25% on the income between $65,100 and $131,450; plus $8,962.50* 28% on the income between $131,450 and $200,300; plus $25,550.00* 33% on the income between $200,300 and $357,700; plus $44,828.00* 35% on the income over $357,700; plus$96,770.00(Tax Rate Schedule Y-2) * 10% on the income between $0 and $8,025* 15% on the income between $8,025 and $32,550; plus $802.50* 25% on the income between $32,550 and $65,725; plus $4,481.25* 28% on the income between $65,725 and $100,150; plus $12,775.00* 33% on the income between $100,150 and $178,850; plus $22,414.00* 35% on the income over $178,850; plus$48,385.00(Tax Rate Schedule Z) * 10% on the income between $0 and $11,450* 15% on the income between $11,450 and $43,650; plus $1,145.00* 25% on the income between $43,650 and $112,650; plus $5,975.00* 28% on the income between $112,650 and $182,400; plus $23,225.00* 33% on the income between $182,400 and $357,700; plus $42,755.00* 35% on the income over $357,700; plus$100,604.00
How do you delete your plus account?
You must be logged in to your Google plus account, in order to delete it. Once logged in, you will go to your settings, and then to the Google plus section from the menu list on the left side. Once there, you will need to scroll to the bottom of the page, and there will be a link that you can click to delete your account.
How do you delete a Google Plus account from an iPhone?
you can't. you need to go on the computer homie
How do you become a Google Plus contributor to answers?
You need to register your account via Google Plus if you want to be a Google Plus contributor. When you first connect to the site look in the top right corner for "Sign Up". When signing up you need to make sure you do it with a Google account. You will have the options for Facebook, Twitter, and Google Plus.
Will Street Fighter 5 require a PS Plus account to play online?
I would say it would need ps plus
How do i create a youtube username on my iPod Touch?
You need a Google plus account to make a YouTube account; it seems unfair but it's the only way.
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 percentage will I be penalized if I choose to cash out my 401k early?
You will need to pay all income tax for the income deposited in the account (as if you earned it the moment you withdraw it) plus a 10% early withdrawal fee if you are under 55. If you have had no income for this tax year (say you are unemployed), then the tax burden may be low. However, if you are withdrawing in a year when you have had salary, the additional disbursement can push you into a new tax bracket-- raising the tax you pay on ALL income for this year. With this added tax burden and the 10% penalty, it is possible to wipe out all benefit from a withdrawal.
The money income of households consists of the sum of.....?
Wages plus rents plus interest plus profits.
