Selling expense is any type of expense incurred to try to sell an item. Advertising, holding fees, and the purchase price that you paid for the item are all selling expenses.
Tax deduction is, in essence, not having to pay taxes on a certain item or service. However, this is not done in the actual price, but by requesting the paid tax back from the local government. This results in a net tax of zero on that item or service.
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
value is the market price of an item cost in the expense incurred to obtain an item
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
Selling expense is any type of expense incurred to try to sell an item. Advertising, holding fees, and the purchase price that you paid for the item are all selling expenses.
Gifts
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
It would not be an expense. It would be a line item on the balance sheet, not sure which line item it would fall under.
Tax deduction is, in essence, not having to pay taxes on a certain item or service. However, this is not done in the actual price, but by requesting the paid tax back from the local government. This results in a net tax of zero on that item or service.
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
value is the market price of an item cost in the expense incurred to obtain an item
Gifts
No. Freight charges are an expense item.
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.