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Net level premium and gross premium methods?

Level premiums are fixed payments to be paid at regular intervals for insurance coverage. Gross premiums cover both benefits and overhead expenses whereas Net premiums cover benefits only.


Is net premium written gross premium written less net ceded premium meaning gross ceded premium less ceding commission?

Net Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.


What makes up a persons net income?

Gross pay - all deductions and taxes = net pay.


What is the difference net pay and gross pay?

Anytime you see the term "net" before pay, income, etc, it's the balance of money earned after taxes are deducted. The term gross is the balance of money earned before taxes and other deductions, such IRA's, Insurance Plans, and other premiums and costs are deducted.


Are taxes deducted from gross income or net income?

Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.


What is the difference between net and gross margin?

Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.


Is net or gross income taxed?

gross


Is household income gross or net?

Gross.


What is the difference in Net and gross pricing in construction?

What is the difference in Net and gross pricing in construction?


Calculate gross price to net price?

Gross price-expenses=net price


What is the difference between gross pay and net pay?

Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.


How is gross income different from net income?

net income is gross income less expenses

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