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It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoNet 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.
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What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Does annual income mean with taxes?
Annual income is gross salary before taxes. Net income is after taxes.
Does net net include taxes?
If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
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.
What is after taxes net or gross?
Net Income is after taxes.
Does annual income mean with taxes?
Annual income is gross salary before taxes. Net income is after taxes.
Does net net include taxes?
If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What you mean by gross pay and net pay?
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
What is his gross pay?
the pay before taxes net pay is after taxes
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
What does net net pricing mean?
Typically "net" indicates the price includes the item itself after all discounts are applied (and nothing else).The buyer would be expected to pay additionally for shipping, duties, taxes and perhaps even loading of the goods onto a truck.
