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How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
What is meant by outstanding bills?
Outstanding bills are bills from before the current one which have still not been paid.
Is disposable income and net pay the same thing?
NONet pay is what the employer pays after tax and all deductions are removed. Disposable income is what is left over when all your bills are paid. Think of it as the money you spend at the bar, or movies or church or restaurant's.
How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?
90+40=130 (Total payment/130)x40=amount paid by lower income. (Total payment/130)x90=amount paid by higher income.
An irrevocable trust has 300k in cash in it and all income is tax exempt. Distributions were made some from principal some from the tax exempt interest. Is the principal treated as income on K-1?
The income on the trust is either taxed and paid by the trust or the beneficiary of the trust. The income being tax exempt should have been included on a return as what type of income is fully tax exempt for federal and state? A distribution from the trust is not taxable if the taxes on the income had already been paid by the trust. The income on the trust is either taxed and paid by the trust or the beneficiary of the trust. The income being tax exempt should have been included on a return as what type of income is fully tax exempt for federal and state? A distribution from the trust is not taxable if the taxes on the income had already been paid by the trust.
Money left over after the bills are paid is referred to as?
a fixed income
Money left over after the bills are paid is referred to as what?
discretionary income.
What is the car dealers net income?
A car dealers net income is the amount of money he makes after all expenses, bills and taxes have been paid.
We have medicare How do I view my medicare bills and which ones have been paid and how much has been paid, and if they have been forwarded to Aetna.?
We got a not from the hospital when medicare paid. you do not need to worry about it unless you get a bill. They did everything for the bills for my parents.
How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
What is meant by outstanding bills?
Outstanding bills are bills from before the current one which have still not been paid.
Income information for dance?
If you are paid to dance, you must report the income on your tax return. This includes the dollar bills that your customers stuff in your underwear.
Is disposable income after you have paid your living expenses?
No. Disposable income is that which is left after all taxes, pension contributions, medical insurance share, etc. has been deducted from an employee's salary.
Is disposable income and net pay the same thing?
NONet pay is what the employer pays after tax and all deductions are removed. Disposable income is what is left over when all your bills are paid. Think of it as the money you spend at the bar, or movies or church or restaurant's.
How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?
90+40=130 (Total payment/130)x40=amount paid by lower income. (Total payment/130)x90=amount paid by higher income.
What do you do with deceaseds bills?
They are the responsibility of the estate. They are either paid or the creditors are left without payment.
What types of revenue and capital income can they expect to incur?
Revenue is the amount of money that is made from all sales. Income is the amount of money that is made after all bills are paid.
