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What is a different between net earning and gross earning?
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 of $49.80 automatically deducted. Gross pay = $ 350.20 (40 x $10.00 - $49.80) True Gross pay = $400.00 (40 x $10.00)
How do you calculate average gross receivable?
There are three steps you should take to calculate average gross receivable. First, figure out your average figures during a gross period, Next, figure out the total amount of sales tax for a period. Finally, divide the net amount of credit sales with the average gross amounts to find your total.
What is total amount earned by the employees in a pay period is called?
gross pay
How do you calculate total gross profit?
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
How do employers compute fica taxes for the pay period for 6200.00?
Gross earning that would be subject to FICA 6200 multiplied by 15.3%. That total dollar amount is then divided by 2 and 1/2 of that amount will be withheld from your gross earnings the other 1/2 amount will be paid by your employer to come up with the total 15.3% amount that will be remitted to the the SSA for your social security benefits amount. Each pays 7.65 % of the 15.3 % amount of 948.60. Each would be subject to 474.30 of FICA taxes.
Is total household income gross or net?
Gross.
What is the total market value of all goods and services produced in a nation during a given period usually a year?
Gross national product
Are unemployment benefits based on gross pay?
Each state has its own protocol for determining eligibility. They generally include total wages earned (gross), time employed in the base period, reason for the unemployment, etc.
What was The Simpsons Movie box office?
Domestic Total Gross:$183,135,014Worldwide Total Gross:$527,071,022
How earning is deflated by total asset?
k
What is gross dometic products?
gross domestic product is the total market value of goods and services produced in a country at a particular period of time. it takes care of the contribution of all the residence within the geographical boundary of the country
