Income created part time which averages at about 4 hours per day.
Medicare is withheld from virtually all earnings.
NO, the retained earnings would be in the equity part of the equation.
The formula for Florida apparently does not depend on whether you worked full or part time. It depends on total time and earnings thus: It involves the first 4 quarters of the last 5 quarters from the time you file. This is known as the "base period". You had to have worked in at least 2 quarters in that base period. The total earnings you made in the base period have to be 1 1/2 times the earnings in the quarter with the highest earnings and the total for the base period had to equal or exceed $3400. See the Related Link below for more details.
To determine George's total gross weekly earnings, we first calculate his earnings from each job. If he works 20 hours at $6.25 per hour from one job, he earns $125, and if he works another 20 hours at $7.50 per hour from the other job, he earns $150. Therefore, his total gross earnings for the week are $125 + $150 = $275. Consequently, George saves 18% of his total earnings, which amounts to $49.50.
Your wife earnings will NOT be counted as a part of your earnings for the social security earnings test.
Answer:No. Retained earnings are the past earnings that have not been paid out as a dividend. It is part of equity, on the credit side of the balance sheet. The balance sheet is at a point in time (at a date) Sales revenue is measured over a period, and is shown on the income statement.
commute time
equity
yes you can
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Retained earnings is that part of current year's profit which is not distributed to share holders of company, so as it is a part of profit , it is shown under capital portion of liability side of balance sheet.
Retained earnings is not part of income statement rather it is part of statement of owners equity so no question for including in single or multi step income statement.