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What's An amount you subtract from the amount of taxes you owe is called?
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∙ 13y ago
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∙ 13y ago
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What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
What is it called Total amount of pay before deductions?
The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
When you file your taxes does the amount you contributed to your 401k plan come off your gross amount for the year?
Yes it does, your employer should have already subtracted this amount from your earnings, and specified it in a separate space on your w-2. Your gross earnings for the year should have already been reduced by the untaxable amount. You do not subtract it again.
What is the meaning of high taxes?
High Taxes are taxes in large amount. These taxes can be of various services.
What does net of mean?
Net of taxes refers the amount after taxes are deducted. To figure these out, take the total cash from a sale or gross profit and subtract the amount of taxes that were paid from it.
Whats the most important job in the house of representatives?
They approve taxes and approve the amount of taxes
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
What does deductible deductions mean?
Subtract amount from taxes owed. (If you qualify for the deduction)
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What do you call the amount a person takes home after taxes?
That is called your Net income. Before taxes it is called Gross income.
Net monthly income?
Net income is you income before taxes. To calculate take your pay before taxes(which is your gross income) and subtract it by the amount of taxes you have paid.i.eYou earned $200.00taxes paid -$ 50.00Net Income $150.00
What is the amount of money a person has left of his or her income after taxes called?
disposable personal income
What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
The amount of money a person has left of his or her income after taxes is called?
disposable personal income
What is it called Total amount of pay before deductions?
The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
When you file your taxes does the amount you contributed to your 401k plan come off your gross amount for the year?
Yes it does, your employer should have already subtracted this amount from your earnings, and specified it in a separate space on your w-2. Your gross earnings for the year should have already been reduced by the untaxable amount. You do not subtract it again.
