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If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
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∙ 9y ago
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Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What taxes would be deducted in determining an employee's net pay?
FICA taxes
What is after taxes net or gross?
Net Income is after taxes.
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What does net of mean?
Net of taxes refers the amount after taxes are deducted. To figure these out, take the total cash from a sale or gross profit and subtract the amount of taxes that were paid from it.
What is his gross pay?
the pay before taxes net pay is after taxes
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What taxes would be deducted in determining an employee's net pay?
FICA taxes
Net income is equal to your gross income plus taxes?
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
Which figure on your last paystub goes on your w-2 form the gross ytd or net ytd earnings?
Your gross YTD goes on your w-2. This gross amount is before taxes, and the net is after taxes. The government is concerned with what you made prior to taxes. Your net is what you take home after your taxes come out.
What is an average net?
Annual income after taxes
