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Disposable
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∙ 14y ago
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What type of income is amount left after all other obligations have been met?
Personal
Why is there a difference between gross and net income?
Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is what you spend.
What is the income called that you take home after taxes are taken from your paycheck?
It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
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.
What type of income is left after all bills have been paid?
profit
Income which is left after all taxes and other deductions have been subtracted out is?
net income
Income left after all taxes and other deductibles is called?
After your savings and ALL of your other debts, credit cards, etc have been paid. This could be your disposable income that you are referring to. This could be your "net income" as opposed to "gross income" (which is your income BEFORE all deductions) Take-home pay
What is the definition of the math term net?
In wages, net is what is left of the gross, once taxes and other deductions, have been paid to the Government. In maths, net is what is left after all deductions have been made.
Are garnishments taken before taxes?
No. Wage garnishment applies to "disposable income" which is the amount that is left after all deductions have been made.
What type of income is amount left after all other obligations have been met?
Personal
What is disposal incom?
can an income judgement attach themselves and demand payment from: SSD, military disability and blindmans annuity(for the blind who lives in NYS)AnswerDisposable income is the amount that remains after all deductions (taxes, Medicare, pension contributions, etc.) have been made.
Why is there a difference between gross and net income?
Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is what you spend.
What isa net wage?
Net wage is what's left after all mandatory deductions (federal and state taxes, Social Security). You net pay is what's left after any other deductions (health coverage, garnishments, etc.)
What is the income called that you take home after taxes are taken from your paycheck?
It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
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.
What type of income is left after all bills have been paid?
profit
Which term is usually applied to the amount of money left from income after taxes have been subtracted?
Isn't that your net income?
