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Cost of goods plus gross profit margin equals to total sales revenue of firm.
Net income plus operating expenses equals gross profit, or total revenue. To calculate net income, accountants subtract total expenses from total revenues.
Sales
The mathematical statement 31 plus 21 equals 52 as a total.
They total 204
This is an instruction to increment the value of a variable by 1 (in this case, either the variable count or the variable total).
the total gross pay plus tax deduction
The total is 400.
The statement 10 plus 21 equals 31 in total. It can also be written as 10 + 21 = 31.
Gross vehicle weight means the total weight of the vehicle itself, plus cargo, passengers and fuel.
17 plus 14 plus 8 equals.... 39 !
Gross pay is higher than net pay. This is because gross pay includes salaries and bonuses earned by an employee of a company. On the other hand, net pay is obtained when taxes are deducted from gross pay. Therefore, gross pay is higher. The difference between gross pay and net pay can be explained using the following example: David works in a factory. His hourly rate is $3. He has worked 8 hours a day for 26 days of the month. Taxes deducted are FICA tax (3%), and State tax (2%). Calculate his gross pay and net pay. In the above example, David's gross pay is $624, which is obtained by multiplying hourly rate, hours worked per day, and number of days. His net pay will be $592. This is obtained when FICA tax ($19) and State tax ($13) is deducted from gross pay. Thus, gross pay is always higher than net pay.