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The terms your using are simply defined by the one asking them!
Income itself is different when defined by the IRS (who would also have it in many different categories of income, some taxable, some not, some at one rate some at another, but all is income), or defined different for financial accounting, or for some particular bank, or for Social Security, or for your State....etc.
Even the term annual has to be defined by the one asking. Prior 12 calendar months , many say 360 days, some 01/01/xx to 12/31/xx only, etc.
What else can I help you with?
What is Pre tax Income?
Pre-tax income is the same as gross income OR the money you make before taxes are deducted/withheld.
Why do you have to pay taxes if you work and retired?
Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.
What income is based on not paying taxes?
Gross income is the money that you make if u didnt pay taxes
How much extra income can you make before you have to turn it into your taxes?
There is absolutely no exemption, not for one penny, on reporting income - especially "extra" income if you mean you are already paying taxes. ANY money you make, after reporting and accounting, may or may not be actually taxed, depending on your own personal tax situation.
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
What is Pre tax Income?
Pre-tax income is the same as gross income OR the money you make before taxes are deducted/withheld.
What is the monthly income of engineer?
Engineers make any where from $100,000 to $800,000 before taxes
Should I take an income tax course before filing my taxes?
It is recommended that an income tax course before filing your own taxes. Tax filing errors can be expensive and you should make sure you know what you are doing before attempting to file your own taxes.
Why do you have to pay taxes if you work and retired?
Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.
If you make an income of 30000 a year after taxes and your rent is 30 percent of your annual salary How much money do you have to pay for rent every month?
750
What income is based on not paying taxes?
Gross income is the money that you make if u didnt pay taxes
If Kelly makes an income of 30000 a year after taxes how much money does she make every month?
If Kelly makes an income of $30,000 a year after taxes, to find her monthly income, you would divide her annual income by 12 months. So, $30,000 divided by 12 equals $2,500. Therefore, Kelly makes $2,500 each month.
How much extra income can you make before you have to turn it into your taxes?
There is absolutely no exemption, not for one penny, on reporting income - especially "extra" income if you mean you are already paying taxes. ANY money you make, after reporting and accounting, may or may not be actually taxed, depending on your own personal tax situation.
When health insurance plans ask you how much you think your income will be in the next year is it before or after taxes?
The income amount needed for this calculation should be gross wages. This is your wages before any taxes are deducted or withheld. Make sure they are requesting your next years wages rather than a previous years income.
How much can you save on taxes if you move to Florida from Maryland?
How much you might save on state income taxes depends on your income. Florida has no personal state income tax. Income taxes before exemptions in Maryland range from 2% if you make a dollar a year to 6.25% if you make more than one million dollars, with most people falling in the 4.75% bracket. If a single person earned the median US income of $32,140 per year, they would save $1526.65 per year, before any deductions or exemptions.
How much do you make per month if you make 45 thousand per year?
If you make $45,000 per year, you can calculate your monthly income by dividing the annual amount by 12 months. So, $45,000 divided by 12 equals $3,750. Therefore, you make approximately $3,750 per month before taxes and deductions.
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
