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If your net income is 47000 what is your gross income?

Anonymous

∙ 12y ago

Updated: 9/17/2023

Jones bought an income property for which $47,000.00 was deducted from gross income for operating expenses. If the operating expenses are 30% of gross income, the value of the property using a cap rate of 12.5%?

Wiki User

∙ 12y ago

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Is gross income higher than net income?

Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.

Calculate net income in accounting?

Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income

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.

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.

Is net or gross income taxed?

gross

Related Questions

How is gross income different from net income?

net income is gross income less expenses

Is gross income higher than net income?

Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.

Calculate net income in accounting?

Net Income = Sales - Gross profit Gross Profit - Cost of Production = 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.

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.

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.

Is net or gross income taxed?

gross

Is household income gross or net?

Gross.

Do you pay tax on your gross income or net income?

You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.

Is owners drawing on the balance sheet net or gross income?

gross income

Is total household income gross or net?

Gross.

What is after taxes net or gross?

Net Income is after taxes.

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