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If 30 cents out of every 1 dollar goes to taxes and the rest is net income what is the ratio of?

3:7


How can online stock trading produce income?

Online stock trading produce income by transaction fee. Each transaction cost a certain percentage of the stock no matter if the stocks goes up or goes down. Be wary.


What is meant by the term ratio of the end to the mean?

The term ratio of the end to the mean refers to the ratio that indicates what portion of a person's monthly income that goes towards paying debts. The credit-card payments, child support, and mortgage payments are examples of these debts.


What are indirect taxes?

Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.


What is the debt to income ratio used for?

A debt-to-income ratio is the percentage of a consumer's monthly gross income that goes toward paying debts. There are two main kinds of DTI, as discussed below.Two main kinds of DTIThe two main kinds of DTI are expressed as a pair using the notation x/y (for example, 28/36). The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and homeowners' association dues [when applicable]).The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered by the first DTI, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments.[1]ExampleIn order to qualify for a mortgage for which the lender requires a debt-to-income ratio of 28/36: Yearly Gross Income = $45,000 / Divided by 12 = $3,750 per month income. $3,750 Monthly Income x .28 = $1,050 allowed for housing expense.$3,750 Monthly Income x .36 = $1,350 allowed for housing expense plus recurring debt.


What is a slope when dealing with graph?

The slope for a straight line graph is the ratio of the amount by which the graph goes up (the rise) for every unit that it goes to the right (the run). If the graph goes down, the slope is negative. For a curved graph, the gradient at any point is the slope of the tangent to the graph at that point.


Does income tax money go to the federal reserve?

Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.


Does electricity travel from positive to negative or negative to positive in a circuit?

It goes negative to positive.


What is the difference between state income tax and federal income tax?

State goes to state budget & Federal goes to ferderal budget.


How do you find Debt-to-income ratio?

A debt-to-income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts. (Speaking precisely, DTIs often cover more than just debts; they can include certain taxes, fees, and insurance premiums as well. Nevertheless, the term is a set phrase that serves as a convenient, well-understood shorthand.)There are two main kinds of DTI:1. The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and homeowners' association dues [when applicable]).2. The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered by the first DTI, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments.


What is the Disadvantages of Target Costing?

There are three mothods of costing. FIFO, Average Cost and LIFO:On the tax side:If you use average cost for tax purposes, when an item is sold, the income for tax purposes will be the (selling price) - (the average cost). This margin is usually higher than in the LIFO method because the cost of acquiring goods usually goes up over time. Under the LIFO method you get to report the (selling price)-(cost of most newet uint). Clearly the income reported for this amount will be less than the income reported using the average costing method thus decreasing your income tax burden for the current year.On the financial reporting side (net-income):If you use average cost, the income that you make will be as above, the selling price minus average cost. This margin is lower than in the FIFO method. Again, because the cost of goods usually goes up over time. Under the FIFO method, you will use (selling price) - (cost of the oldest unit). This amount will be higher than the amount reported under average cost thus increasing your reported net income for the current year.The advantage to average cost is that your reported income may fluctuate less year over year.It is also worth mentioning that:Under IRS rules for income reporting, if the LIFO method is used for tax purposes it MUST also be used for income reporting purposes.Under GAAP you have to pick a method and stick with it unless there is a legitimate reason to need to modify it and you can convince the independent auditor that your reasoning makes sense.


What goes on income statement and what goes on balance sheet?

expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.