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Gross income minus less expenses is equal to net income true or false?
true
Is this statement true or false gross profit minus selling expenses equals net income?
false
What is the difference between true gross income and gross income?
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)
Do you have to file income taxes at age 80?
Age has nothing to do with whether or not you are required to file income tax returns. The deciding factor is your income and income sources as to whether or not you are required to file. I have had client who were told by friends or even personnel offices that they didn't have to file after a certain age or if they were retired. This is not true at all and can get you into serious trouble. It can also cost you far more than tax only with the addition of penalties and interest.
I run a small corporation, do I have to file a corporate tax return?
Corporations must file Federal tax returns every year, regardless of income or loss. The same is true in most states.
Spouse passes away with no beneficiary on his checking account.No will or children. Have talked with an attorney and was told to file a Heirship legal form. Is this true?
Yes, it's true.
Is it true that if you get an excellent education that you get an excellent income?
true
What are pain killers made of?
They are made of peoples fat. it might sound gross but its true. so if you are addicted i would stop. seriously its gross but true.
Merchandise Inventory is found on the income statement. True or false?
It is true that merchandise Inventory is found on the income statement.
Which is true regarding income patterns in America?
The amount of taxable income depends on income earned.
True or false federal income tax is proportional?
true
Is it true or false that a directory is a type of file?
TRUE
