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How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?
Wiki User
∙ 11y ago
90+40=130
(Total payment/130)x40=amount paid by lower income.
(Total payment/130)x90=amount paid by higher income.
Wiki User
∙ 11y ago
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What type of income is left after all bills have been paid?
profit
Does bills payable go on the income statement?
Answer:No. The income statement shows revenues and expenses. Bills payable is a liability (the company has an obligation to pay), and is included on the credit (right) side of the balance sheet.
How does disposable income get figured?
Take your monthly income and subtract your monthly bills and cost of living expenses (gas, groceries, etc.) The money that is left is consider disposable income.
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.
What is the money left over after paying your necessary expenses called?
Discretionary Income Discretionary income = Gross income - taxes - all compelled payments (bills) Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
Does maths help to calculate electricity bills?
Yes
What do you need to calculate your mortgage and the rates?
First you will need a copy of your income, bills, and mortgage itself. Next you will need to find the rates specific to your location. This can be done by seeing a mortgage broker or watching you local news.
Money left over after the bills are paid is referred to as?
a fixed income
What type of income is left after all bills have been paid?
profit
Does bills payable go on the income statement?
Answer:No. The income statement shows revenues and expenses. Bills payable is a liability (the company has an obligation to pay), and is included on the credit (right) side of the balance sheet.
How do they calculate wage garnishment from a repo especially if you have other bills to pay and a disabled fiance to take care of?
25% of your non-exempt income. They cant starve you but you wont be going to Disney World either. What if the 25% is still way more than you can afford to have garnished (bills and disabled fiance are much higher)?
What is the difference between authorization bills and appropriation bills?
Appropriations are monies set aside by formal action for a specific use.Revenue bills are the total income produced by etc
What does disposible income mean?
It's the money you have left to spend after you pay your bills.
How does disposable income get figured?
Take your monthly income and subtract your monthly bills and cost of living expenses (gas, groceries, etc.) The money that is left is consider disposable income.
Will a credit report tell you your debt to income ratio?
No. To calculate your debt to income ratio, add up you total monthly bills (only the bills that will report to the credit bureaus like credit card payments, car loans etc. , do not include the utilities, cell phone bills, insurance etc.) Take your monthly payments and divide them by you monthly income, this will give you the debt ratio. If you owe less than 10 months on an installment loan, most banks will not count that in your monthly debt. (An installment loan is like a car loan...somethingthat eventually you will payoff. Not like a credit card, this is a revolving debt you can payoff and use it again
Income information for dance?
If you are paid to dance, you must report the income on your tax return. This includes the dollar bills that your customers stuff in your underwear.
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.
