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What is the amount of money you earn before taxes are taking out?
Wiki User
∙ 14y ago
It is called your gross wages. It is what you actually earned. The tax withholdings are like any other bill you pay with your gross earnings with a few simple twists: it basically goes to a savings account and is withdrawn when you file a return and actually determine how much tax for the year needs to be paid, as people (even with the exact same gross earnings) rarely end up paying the same tax. If there is excess in that savings account when you file your return, it is refunded.
Wiki User
∙ 14y ago
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What is it called Total amount of pay before deductions?
The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
What is a word for Total amount of pay before deductions?
Gross income is the total amount of money before taxes are took out. This is also known as taxable income.
What is the difference between gross income and net income?
Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.
What is a fixed amount of money that is excused from taxes?
Exemption
What is gross pay to date?
Gross pay to date is the amount of money an employee has earned, up to a certain date, before taxes are taken out. After taxes are taken out it is called net pay.
What is it called Total amount of pay before deductions?
The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
What is Gross annual income?
Annual gross income refers to the amount of money a person makes in a year before taxes are removed. Net income refers to the amount of money made after the withdrawal of taxes.
What does annual income means?
Amount of money made in one year from all sources before paying taxes on it
What is a word for Total amount of pay before deductions?
Gross income is the total amount of money before taxes are took out. This is also known as taxable income.
Sherri has a gross monthly salary of 4700?
A gross monthly salary is the amount of money you make before taxes and withholding. The net amount is what is left after deductions.
What is the difference between gross income and net income?
Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.
How much money can an 82 year old earn before having to pay taxes?
The amount of money an 82 year old can earn before having to pay taxes depends on their filing status, sources of income, and deductions. In 2021, for a single filer aged 65 or older, the standard deduction is $14,250. So, an 82 year old can earn up to this amount before having to pay taxes.
What is a fixed amount of money that is excused from taxes?
Exemption
What is the dollar amount you have to make to HAVE to file taxes?
How much money can you make and not have to file taxes?
What is the percentage of pay for workmens Compensation. Is this amount based on pay before or after taxes?
About 80% before taxes.
What is gross pay to date?
Gross pay to date is the amount of money an employee has earned, up to a certain date, before taxes are taken out. After taxes are taken out it is called net pay.
Does most of the money you earn go to taxes?
No NOT the most of the amount of your gross earnings will go to taxes.
