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Where does the funds that are left over in a 529 account after all college expenses have been paid go to?
account holder
Money that is left over after all expenses are paid is known as?
Profit
Is gross profit is the amount that the owners of a business get to keep as profit?
Gross profit is the amount left over after all expenses have been paid. The owner or owners or share holders do get to keep that money but, part of it and probably most of it will be put back into the business to help the business grow.
What word means money left over after expenses are paid?
The word for money left over after expenses are paid is "profit." Profit represents the financial gain that remains after all costs associated with generating revenue have been deducted. It can also be referred to as net income or net earnings in a business context.
Where do Funds left over from a 529 plan after all college expenses have been paid go?
Funds left over in a 529 plan after all college expenses have been paid can be withdrawn, but this may come with tax implications. If the money is used for non-qualified expenses, it will incur income tax and a 10% penalty on the earnings portion. Alternatively, the funds can be rolled over to another family member’s 529 plan or kept for future educational expenses, as the account can remain open indefinitely.
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 a discretionary income?
the amount of money available in a budget after all identified expenses has been paid
Is amount left after policy is paid off paid to beneficiary at time of death of policy holder?
Can you re-phrase this question? After the policy has been paid (to the beneficiary), there is no amount left.
What is the money that is left over after all of the business expenses are paid called?
ProfitMoney that is left after all business expenses are paid is called profit.
What is journal entry of preliminary expenses?
preliminary expenses account debit to cash account (if the amount has been paid in cash)
Where does the funds that are left over in a 529 account after all college expenses have been paid go to?
account holder
What are outstanding expenses?
expenses that you still owe (have not yet been paid).
How can one calculate profit in economics?
To calculate profit in economics, subtract total costs from total revenue. Profit is the amount left over after all expenses have been paid. It is a key measure of a business's financial success.
What is revenue -desired profit?
the amount desired after all expenses are paid
Money that is left over after all expenses are paid is known as?
Profit
Is gross profit is the amount that the owners of a business get to keep as profit?
Gross profit is the amount left over after all expenses have been paid. The owner or owners or share holders do get to keep that money but, part of it and probably most of it will be put back into the business to help the business grow.
What is the term used to describe the difference between revenue and expenses?
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
