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Which term is usually applied to the amount of money left from income after taxes have been subtracted?
Wiki User
∙ 10y ago
Isn't that your net income?
Wiki User
∙ 10y ago
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Are Individuals are taxed on the amount of their income after deductions and exemptions are subtracted from gross income.?
The tax comes out with other things in the gross income. In some cases like with a IRA or tax shelter they come out first and then the taxes. In this way the tax is lower because it brings down the gross income.
How does the amount of tax a person pays affect the person's disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
What is the difference between adjusted gross income and gross income?
Gross income on the 1040 income tax return is the total amounts of all of your worldwide taxable income added together that is on page 1 line 22 Total Income of the 1040 tax form. From the line 22 total taxable income you can have some amounts from line 23 through line 35 that can be used to reduce the gross taxable amount from the line 22 Total Income. The total amount of the adjustments form page 1 line 36 will be subtracted from the amount on line 22 Total Income and the reaming amount will be your adjusted gross income on line 37 and then that amount (AGI) will go to page 2 of the 1040 tax form line 38 for your AGI amount.
What is the mean of revenue?
Yeild from property or investment; income The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.
What is the difference between rates and taxes?
This would depend on how the words are used. The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status. The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income. Taxes Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.
Provident fund contributed by employer will be added or subtracted from net income?
For the employee - it will be added to his/her net income For the employer - it will be subtracted from their net income
What a amount of money subtracted from the sales price?
That would probably be the discount.
What is the definition of reflection and deduction?
Reflection is the act of reflecting or the state of being reflected and it is an image. Deduction is any item or expenditure subtracted from gross income to reduce the amount of income subject to tax.
What is the after tax income?
That is the money that is left after you have subtracted taxes.
Income which is left after all taxes and other deductions have been subtracted out is?
net income
How are income taxes calculated in the United States?
Income tax is a tax rate that is applied to specific person's income and is based upon their level of income. It is usually taxed upon a percentage of income and can change.
Are Individuals are taxed on the amount of their income after deductions and exemptions are subtracted from gross income.?
The tax comes out with other things in the gross income. In some cases like with a IRA or tax shelter they come out first and then the taxes. In this way the tax is lower because it brings down the gross income.
How does amount of tax a person pays affect the person disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
How does the amount of tax a person pays affect the persons disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
How does the amount of tax a person pays affect the person's disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Expenses that can be subtracted form gross income?
Deductions
What form lists the standard deductions that can be subtracted from a persons income?
1040EZ
