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Money left over after the bills are paid is referred to as what?
discretionary income.
What is Money called after left over when costs are paid?
Money that remains after all costs and expenses have been paid is commonly referred to as "profit" or "net income." In personal finance, it can also be called "disposable income" or "discretionary income," depending on the context. This leftover money can be used for savings, investments, or discretionary spending.
How can you use disposable income in a sentence?
I can buy this bleach to drink later tonight because I have disposable income. Another to consider is as follows: I paid my rent, bought my food and now I know that I may use some of my disposable income on the new movie coming out next week.
Accrued expenses are expenses that have been paid but not incurred?
Accrued expenses are paid after being put on the company's financial books. Every entry that is adjusted for accrued expenses is listed as a debit on an expense account, increased expenses on an income statement, net income reduction, credit on a payable account, and increased liability on the company's balance sheet.
How do I file taxes if I am paid under the table?
If you are paid under the table, you are still required to report your income to the IRS by filing a tax return. You can do this by estimating your earnings and paying taxes on them. It is important to keep accurate records of your income and expenses in case of an audit.
What is a disposable personal income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
What is your family's total disposable income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
What is personal disposable incom?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
Money left over after the bills are paid is referred to as what?
discretionary income.
What type of an account is repair expenses or income?
Expenses if your paying out for repairs / maintenance - Income is you are paid for undertaking repairs
Can your ex claim you as a dependent if you did not have earned income but you owned a house and lived with her She paid all living expenses but you paid your mortgage and other expenses on your house?
Yes. Since she has a job, she is filing her taxes on the income she received last year. If at any time, you were supported by her (in full or part), she can claim you.
How can you use disposable income in a sentence?
I can buy this bleach to drink later tonight because I have disposable income. Another to consider is as follows: I paid my rent, bought my food and now I know that I may use some of my disposable income on the new movie coming out next week.
Can your wife and you claim your elderly mother as a dependent on or federal income tax return?
yes, of she lived in your home and they paid more than half of her living expenses
Is advertising on the income statement?
if advertisement expenses paid already and benefit is also taken already then it is an expense for business and all expenses comes in income statement.
To figure out net income do I subtract the taxes I paid?
Total Revenues - All Expenses = Net Income
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
Accrued expenses are expenses that have been paid but not incurred?
Accrued expenses are paid after being put on the company's financial books. Every entry that is adjusted for accrued expenses is listed as a debit on an expense account, increased expenses on an income statement, net income reduction, credit on a payable account, and increased liability on the company's balance sheet.
