0
To calculate the gross amount from a net figure, you need to know the tax rate or deductions applied. Assuming a standard tax rate of, for example, 20%, the formula would be Gross = Net / (1 - Tax Rate). In this case, Gross = 60,000 / (1 - 0.20) = 60,000 / 0.80 = 75,000. Therefore, if the net is 60,000, the gross would be 75,000 assuming a 20% tax rate.
What else can I help you with?
What does gross price and net price mean?
The gross price would be the price before deductions. The net price is after deductions.
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.
What is the method to work out net sales from gross sales?
The easiest method that one could possibly use to determine net sales from gross sales would be to subtract the amount made total (gross) from the amount one paid for the item to sell. The left over figure would be what was made after expenses, or one's net sales. This would be basically the same as figuring out what one's net income is from their gross income on their paycheck each payday.
Calculate gross price to net price?
Gross price-expenses=net price
Is net or gross income taxed?
gross
What does gross price and net price mean?
The gross price would be the price before deductions. The net price is after deductions.
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.
What is the method to work out net sales from gross sales?
The easiest method that one could possibly use to determine net sales from gross sales would be to subtract the amount made total (gross) from the amount one paid for the item to sell. The left over figure would be what was made after expenses, or one's net sales. This would be basically the same as figuring out what one's net income is from their gross income on their paycheck each payday.
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.
What is half a percent of 6000000?
300000.5% of 6000000= 0.5% * 6000000= 0.005 * 6000000= 30000
What is the calculation to find net figure if gross figure includes 15 percent?
To find the net figure when the gross figure includes a 15% markup, you can use the formula: Net Figure = Gross Figure / (1 + Markup Percentage). In this case, the calculation would be: Net Figure = Gross Figure / 1.15. This will give you the original amount before the 15% was added.
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
How is gross income different from net income?
net income is gross income less expenses
Is commission paid on gross or net sales?
it depends what you negotiated with your employer in your contract. typically, gross sales is your total sale, and net sales would be your employer's "cut" of the sale. Ex. if you get 10% of a $10,000 sale (gross), you would take home $1000. if you get 10% of your employer's cut (net) on the same sale, you would take home $250. obviously, it is much better to be paid on gross sales than net sales - always negotiate in YOUR best interest. i work in the medical sales industry, and we are all paid on gross sales - but we negotiated for this. hope it helps!
