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What is a word for Total amount of pay before deductions?
TeeDobbsMoneywells
Gross income is the total amount of money before taxes are took out. This is also known as taxable income.
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∙ 9y ago
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Are taxpayers allowed to deduct certain expenses from their total income before paying federal income taxes?
The key word being "certain". But understand that income is defined differently for every purpose...and tax is no exception...so some things you may consider income aren't and some things you may never have considered are too.They start with the total worldwide gross income from all sources that is reported on the 1040 income tax form.Then they have some adjustment to income (subtracted from the total income)Then they have their adjusted gross income amount.From that they can take a standard deduction amount that applies to their filing status that they claim in the tax form.Or they can choose to use the schedule A itemized deductions of the 1040 tax form if this amount is more than the standard deduction amount it would reduce the income tax liability more than the standard deduction would.Then from the total amount after that they would subtract the exemption amount for each qualified exemption that is claimed on the 1040 tax form.Then you are on the line that says TAXABLE INCOMEAfter that they may qualify for some nonrefundable tax credits and possibly for some refundable tax credits and then maybe some other taxes before coming up with the federal income tax liability for the year.
Is gross pay more or less than net pay?
Gross, which from a word meaning big, is the bigger one. Net is what's left after deductions in the case of salaries, or operating costs in the case of profits.
Which word means an amount of money which is taken out of an account?
withdrawel
Small amount of money for incidental expenses that has the word pet in it?
petty cash
What is the singular word of taxes?
The singular form of the word taxes is tax. You can find it in any dictionary.Longman Dictionary of Contemporary English (LDCE) shows:tax1 S1 W1[uncountable and countable] an amount of money that you must pay to the government according to your income, property, goods etc and that is used to pay for public servicestax ona tax on fuelincome/council/inheritance etc taxHe already pays 40% tax on his income.the basic rate of taxtax cuts/increasesdirect tax (=tax on income)indirect tax (=tax on things you buy)before/after taxprofits before tax of £85.9 mThe total tax burden (=the amount of tax paid) has risen only slightly.The government has introduced tax incentives (=an offer of cheaper taxes to encourage people to do something) for fuel-efficient cars.
How can the word 'dinky' be used in a sentence?
One example sentence using the word "dinky" could be: "She bought a dinky little car for running errands around town."
What is another word for the whole amount?
Total amount..
What part of speech is amount?
The word amount is a noun. It can also be a verb meaning to total.
What is a 5 letter word for the whole amount?
A five letter word for the whole amount is total.
Another word for the whole amount?
total
What is pay roll?
The word is "payroll", and it refers to a list of employees who receive salaries, the amount due to each, different amounts discounted (for example, deductions for social benefits and taxes), and the final amount that is to be paid.
Is the word amount an abstract noun?
Yes, the noun 'amount' is an abstract noun, a word for the total number or quantity; a word for a concept.
What part of speech amount?
The word amount is a noun. It can also be a verb meaning to total.
What word is five letters and means the whole amount?
total
What does the word total amount mean in math?
arithemetic mean
What is the word for To take an amount from the total that contains the letters duct?
Abduct
Is total an addition word?
Yes, the noun total is used in addition. The noun total is a word for the whole number or amount of something. In addition the noun total is the sum of numbers added together.
