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What is Income collected to pay the nation's expenses called?
Taxes
What is a plan of income and expenses?
A plan of income and expenses is an approach to building income and paying down expenses. Many people maintain a plan for their income and expenses without realizing it.
Expenses that can be subtracted form gross income?
Deductions
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
What is left after all the expenses of running a businesss are deducted from the income?
Profit and wealth is left after all the expenses of running a business are deducted from the income.
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What is it called when your expenses exceed your income?
UNSUCCESSFUL
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is it called when income is more than expenses?
profit
When income exceeds expenses the difference is called?
penis
What is Income collected to pay the nation's expenses called?
Taxes
What is a plan of income and expenses?
A plan of income and expenses is an approach to building income and paying down expenses. Many people maintain a plan for their income and expenses without realizing it.
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is it called when your expenses are greater than your revenue on an income statement?
loss
Formula for operating income?
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
