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What type of income is amount left after all other obligations have been met?
Personal
What type of income is the amount left over after all other obligations have been met?
The amount left over after all other obligations have been met is referred to as "discretionary income." This is the income available to an individual after accounting for essential expenses such as taxes, housing, food, and healthcare. Discretionary income can be used for non-essential expenses, such as entertainment, travel, or savings. It reflects a person's financial flexibility and ability to make choices about their spending.
Can you inherit a pension?
Yes you can inherit a pension but the amount will NOT be free of income tax. The taxable amount of the distribution will be taxed to you in the same way that they would have been taxed to the deceased. The taxable amount of the distribution will be added to all of your other gross worldwide income and be subject to income tax at your marginal tax rate.
How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
Which term is usually applied to the amount of money left from income after taxes have been subtracted?
Isn't that your net income?
What type of income is amount left after all other obligations have been met?
Personal
What type of income is the amount left over after all other obligations have been met?
The amount left over after all other obligations have been met is referred to as "discretionary income." This is the income available to an individual after accounting for essential expenses such as taxes, housing, food, and healthcare. Discretionary income can be used for non-essential expenses, such as entertainment, travel, or savings. It reflects a person's financial flexibility and ability to make choices about their spending.
What type of incomes is the amount left after all other obligations have been met?
disposable
What is the minimum amount in the bank before it is taxed?
The amount that is now in the bank should have been subject to the income taxes already and the income taxes should have been paid. The earnings INTEREST,etc. on the amount that is in the bank would be reported on your 1040 federal income tax return along with all of your other gross worldwide income and be subject to income taxes at your marginal tax rate.
Can you inherit a pension?
Yes you can inherit a pension but the amount will NOT be free of income tax. The taxable amount of the distribution will be taxed to you in the same way that they would have been taxed to the deceased. The taxable amount of the distribution will be added to all of your other gross worldwide income and be subject to income tax at your marginal tax rate.
How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
What Is income after taxes are taken out?
Before tax income is all of your gross worldwide income added together and that amount would be your before tax income. After tax income will the amount that you will have left after you complete your income tax returns completely and correctly down to to last lines on your income tax return and paid any taxes that may have been owed. Then the amount that you have left would be your AFTER TAX INCOME AMOUNT.
Which term is usually applied to the amount of money left from income after taxes have been subtracted?
Isn't that your net income?
What was disposable income in the 1920s?
The income remaining when all other necessities have been deducted from your income.
Is net income post tax?
Yes, net income is the amount of money a company or individual has after all expenses, including taxes, have been deducted from total revenue. It represents the profit remaining and is often referred to as the "bottom line" in financial statements. Essentially, it reflects the actual earnings available to shareholders or for reinvestment after fulfilling tax obligations.
What is the total amount of income remaining post-86 after tax deductions?
The total income remaining after tax deductions post-86 is the amount of money left after taxes have been taken out.
What is the amount of earnings left after taxes and other deductions?
The amount of earnings left after taxes and other deductions is commonly referred to as "net income" or "take-home pay." This figure represents the portion of an individual's or business's income that remains after all mandatory expenses, such as income tax, social security contributions, and other deductions, have been subtracted. It is an important measure for personal finance and budgeting, as it reflects the actual funds available for spending or saving.
