Is gross pronounce as gross income?
well lets see why dont we all skip over to mambe-pambe land and get yourself some self confidence you jackwagon
5 people found this useful
They are not the same, although they can be.. Gross sales are just what it says...sales before any adjustments.. Gross income would include ALL income from all sources. You could sell items, but you could also rent items (which would be shown as Rental Income). Or, you could make a loan to someo…ne and the interest from that loan would be considered income, as well. If you do work for someone (like a mechanic), that would be considered "Labor Income".. Also, just because you sell something (which would be included in Gross Sales) doesn't mean it can be regarded as Income immediately. If you accept credit cards or payment plans, a sale does not equal income until the money is actually received by you.. If your business only sells items and only accepts cash for sales, then your Gross Sales and your Gross Income would probably be the same. ( Full Answer )
In almost all cases, this is your "total" (or gross) income, before taxes or other with-holdings. If you are paid hourly, this is your total hours worked x rate of pay. If you are on salary, it is your salary, rather than your actual take home pay.
I hope i can help you to understand the modern political psychy and how and why it suppresses your simple question from being honestly answered in the public statistics.. As a Brit ive repeatedly tried to discover the average, gross, adult income figure for the UK. What ive so far found out is that… the UK government uses Inland Revenue figures to compile the UK's 'average, gross, income' figure. But this average only includes the 29 million people whose incomes are over the basic income tax threshold.. So the UK government seems to be craftily omitting all the people with below the basic income tax threshold incomes from the average income calculation which makes an enourmously exagerated nonsence of UK government's average income figure.. I can only supose that the UK government wants to mislead the Public by grossly exagerating the average income figure because it makes the incomes of the wealthy including politicians not look so comparatively disgusting.. Im convinced that our UK political class are now absolutely accustomed to deceiving the public and very largly because the political class are now all a plutocratic class. Theyve always betrayed the under priviledged class most of whom have an undiagnosed educational disability and they now for many decades have betrayed Middle England as well.. The political class typically are a bunch of greedy, lieing, incompetent plutocrats. The only things that they have a talent for is lieing to the public and lining their own pockets. Come back you pharassesse and saducesse we forgive you! ( Full Answer )
The IRS defines gross income as the total of earned income plus unearned income. Earned income includes salaries, wages, tips, and professional fees. Unearned income includes taxable interest, ordinary dividends, capital gain distributions, unemployment compensation, taxable social security benefits…, etc. For more information, go to www.irs.gov/formspubs for Publication 525 (Taxable and Nontaxable Income). ( Full Answer )
Gross yearly income is the total income before any deductions are taken out.. Total incoming , excluding all expenditure, i think . Your income before taxes are taken out
Gross National Income (GNI) comprises the total value k produced within a country (i.e. its Gross Domestic Product ), together with its income received from other countries (notably interest and dividends ), less similar payments made to other countries.. For example, if a British-owned comp…any operating in another country sends some of its income (profits) back to UK, the UK's GNI is enhanced. Similarly, the repatriation of profit from a US-owned company operating in the UK will count towards US GNI, but not count towards UK GNI. ( Full Answer )
The average annual salary of a cashier is only around 19,000dollars a year. This is often a starting position for teenagers ora part time position for many.
On average, a clinical pediatrician that works at least 40+ hours a week will gross $10,000 to $14,000 a month.
Gross and Net Gross refers to the total and Net refers to the part of the total that really matters. Gross vs Net Income In accounting, for a P&L (profit and loss statement, Gross profit , or Gross income , or Gross operating profit is the difference between revenue and the cost of makin…g a product or providing a service, before deducting overheads,payroll, taxation, and interest payments. Net profit is equal to the gross profit minus overheads minus interest payable plus one off items for a given time period. Gross Margin vs Net Margin Gross margin is the ratio of gross profit to revenue. Net margin is the ratio of net profit to revenue. Gross is the profit from the transaction without deduction. Net is the profit from the transaction after deducting cost of goods and cost of the sale (manpower, taxes, rent, etc.) ( Full Answer )
Annual gross income refers to the amount of money a person makes ina year before taxes are removed. Net income refers to the amount ofmoney made after the withdrawal of taxes.
Gross pay is equal to your salary minus any automatic (non-taxable) deductions such as health insurace and 401K deductions. . True Gross pay equals your total salary. . Example: . An employee gets paid $10 per hour and works for 40 hours. They also have insurance and 401K deductions of a total o…f $49.80 automatically deducted. . Gross pay = $ 350.20 (40 x $10.00 - $49.80) . True Gross pay = $400.00 (40 x $10.00) ( Full Answer )
not much only $50-$70 grand a year but that's with at least 5 years of experience i found that out and i chose another career.
Gross income is all monies earned and received before deductions. ( taxes, EI, Union Dues, etc ) After deductions it is considered Net income.
Statista reports the National Basketball Association generatedabout $4 billion dollars in revenue within one season. Each teamfranchise brings in about $123 million or higher per year.
A veterinarian makes about $85,000 each year. They are well trainedanimal doctors, who see a wide variety of animals each day.
17,000 a day that cool right send back. 17,000 a day that cool right send back
A layman's take: A simple way to think of it is that "gross" income is the total amount of money a product takes in, period. It doesn't take into account any related costs or expenses. Movie studios, record companies and game makers in particular love to point out what a title is "grossing" fo…r promotional purposes. It sounds a whole lot better to say, "The (film/album/game) is grossing over $15 million a week in sales" (assuming that's an accurate statement), than to say, "Unless sales double starting this week, this turkey will never cover its expenses" (which could be an equally accurate statement!). ( Full Answer )
It is the difference between revenue from the business and the costof making a product or providing a service. This is the numberbefore you deduct all expenses.
Income is a general term referring to one's financial gain, whether earned or unearned, received as wages, or for services, from the sale of goods or property, or as earnings on investments over a given period of time.. Gross income is the total income earned from all sources (e.g. wages, property)… in a given period before expenses or taxes are deducted.. Net income is the income or profit remaining after taxes and expenses have been deducted. ( Full Answer )
Depends. If you open your office right out of law school, be prepared to starve the first year. If you have good grades in law school and go to a decent school, firms pay associates anywhere from 30k a year to 100k a year depending on where you live and the size and CHEAPNESS of the firm's partners.… ;) ( Full Answer )
There is no way go generalize that number. Marginal players in the US make can several hundred thousand dollars per year. Superstars can make 20-30 million per year. Most are somewhere inbetween.
Computer technicians make about $36,000 each year. That is a littleover $17 per hour. Many computer technicians don't have a degree.
It is the last number on the bottom of the first page of Form 1040 or 1040A. It is line 4 of the 2008 version of Form 1040EZ.
Adjusted gross income is the number on the last line of the first page of Form 1040. The tax law has many different definitions of modified adjusted gross income in many different contexts. For example, there are different definitions of MAGI for determining whether you can deduct a traditional I…RA contribution than for determining whether you can contribute to a Roth IRA. There is a different definition for figuring the first-time homebuyer's credit. There are dozens of definitions in different contexts. ( Full Answer )
Gross Income- The Internal Revenue Code defines gross income as "except as otherwise provided..., all income from whatever source derived." The "except as otherwise provided" refers to exclusions. Adjusted Gross Income (AGI)- is an important subtotal that serves as the basis for computing percentag…e limitations on certain itemized deductions, such as medical expenses, charitable contributions, and certain casualty losses. ( Full Answer )
gross household income is how much money everyone in your "household" brings home after taxes.
The median expected salary for a typical Photographer in the United States is $47,442 a year. (Not much huh?)
Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).
The total of all of your GROSS WORLDWIDE INCOME would be your GROSS INCOME that will be reported on your 1040 federal income tax return. That is every amount that is income to you for the tax year.
Do you mean "gross" like "tall"? If you do: It's pronounced "gr oo s". You roll the 'r' a little bit (like in Spanish).
How much does your gross income have to be to get the child's tax credit and does unemployment count as gross income?
The Child Tax Credit is $1,000 for each of your dependent children that you are claiming that are 16 or younger. It doesn't have anything to do with gross income. This credit is nonrefundable, so it can only reduce your tax to zero. If your tax is less than this credit (see worksheet in IRS instruct…ions), you will only claim enough of the credit to reduce your tax to zero & you may qualify for the Additional Child Tax Credit. The Additional Child Tax Credit is refundable (you can get money back if it's more than your taxes). It can be affected by your income. If the Child Tax Credit worksheet directs you to this credit, use IRS Form 8812 & instructions to see how much to claim. The total claimed on the line for Child Tax Credit & Additional Child Tax Credit cannot be more than $1,000 for each dependent child age 16 or younger. Yes, unemployment is part of gross income. However, it is not earned income. ( Full Answer )
Gross income on the 1040 income tax return is the total amounts of all of your worldwide taxable income added together that is on page 1 line 22 Total Income of the 1040 tax form. From the line 22 total taxable income you can have some amounts from line 23 through line 35 that can be used to reduc…e the gross taxable amount from the line 22 Total Income. The total amount of the adjustments form page 1 line 36 will be subtracted from the amount on line 22 Total Income and the reaming amount will be your adjusted gross income on line 37 and then that amount (AGI) will go to page 2 of the 1040 tax form line 38 for your AGI amount. ( Full Answer )
As of 2010, In the USA the annual median Obstetrician Salary is $248,000. The lower end 10% is around $101,000 annually. The upper end 10% is around $350,000 annually.
Jones bought an income property for which $47,000.00 was deducted from gross income for operating expenses. If the operating expenses are 30% of gross income, the value of the property using a cap rate of 12.5%?
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE… INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly. ( Full Answer )
The GDP 2009 official estimate is based on constant of 1997 prices and this is what it estimates $50.01 billion. Cuba also uses a unique social method for figuring out the GDP which makes it impossible to compare with any other counties in the world.
Start with all of your total worldwide income then subtract the adjustments to your income to come up with your adjusted gross income on the 1040 tax form line 37 and 38. If you can qualify for some of the adjustments to income on the 1040 tax return those amounts would reduce you're your total inco…me to make up your adjusted gross income line 37 and line 38 of the 1040 tax form and in turn reduce your taxable income and your federal income tax liability. Go to the IRS gov web site and use the search box for Instructions 1040 in Adobe PDF Format go to page 29 through page 35 Adjusted Gross income start with line 23 through line 36 of the 1040 tax form. ( Full Answer )
It can be what ever period that your gross earnings are calculated for monthly, weekly, annual and when you are working on completing your income tax return correctly you would report all of your gross yearly income from all sources on your 1040 income tax return.
You can apply at any financial institution that you choose to ask them if they will loan you any amount using your gross income for this purpose.
IF your NET take home paycheck was 218 after all of the necessary withholding deductions that your employer payroll department was required to withhold from your gross pay. In almost all cases, this is your "total" (or gross) income, before taxes or other with-holdings. If you are paid hourly, thi…s is your total hours worked x rate of pay. If you are on salary, it is your salary, rather than your actual take home pay. You should try and see if your employers payroll department can give you the correct amount of your gross income BEFORE any amounts were withheld. ( Full Answer )
In 2008-2009 the median annual income was only $33,132.00 and 24% of Native Americans live in poverty.
No. Gross will be what you make prior to any overhead expenses. For instance: You make a product using labor and material. Sales price less labor and material costs give you a gross profit. From gross profit your overhead and taxes will be paid leaving you with a net profit. Net is always what is le…ft over after everything has been paid. ( Full Answer )
After taking out the cost for the label, producers, songwriters, managers, lawyers, agents, etc. The Average artist will be looking at getting maybe a little over $50,000/Year. Then you have to include taxes, and it goes down from there.
Easy, get over it, walk away and get a glass of water( that's what i do), or go over to a friends house or do something you like.
Based on an analysis by Forbes Magazine, the New England Patriotsgross income is approximately $ 408,000,000.
Normally gross income is higher than net income as gross incomeonly includes direct expenses for manufacturing of goods while innet income other administrative expenses are also deducted but eventhen net income may be high if company has other income which isnot related to specific business related …activities and this incomeis also have very significant amount otherwise gross income isnormally more than net income. ( Full Answer )
The Gross Domestic Income, or GDI, is total of all income of a country, both from services and products manufactured. It is used to evaluate economic activity based on income.
An individual's total personal income before taking taxes or deductions into account is called Gross income.
Another word for gross income is taxable income. This is the incomebefore taxes are taking out.
Gross income is the money you earn before taxes and nationalinsurance has been deducted. Once deducted, you are left with a netincome.