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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
How do you calculate operating income?
Operating income is calculated by subtracting operating expenses from gross income. Operating expenses include costs directly related to the production and sale of goods or services, such as wages, rent, and utilities. The formula for operating income is: Gross Income - Operating Expenses Operating Income.
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 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 the amount by which income is greater than expenses called?
The amount by which income is greater than expenses is called profit. It represents the financial gain a business or individual makes after all expenses have been deducted from total income. Profit is a key indicator of financial health and performance.
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
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.
