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What is best definition of gross income?
Gross income is the money you earn before taxes and national insurance has been deducted. Once deducted, you are left with a net income.
Is gross income higher than net income?
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
What do you file on your US income tax form -- gross or true gross income?
The total of all of your GROSS WORLDWIDE INCOME would be your GROSS INCOME that will be reported on your 1040 federal income tax return. That is every amount that is income to you for the tax year.
Are taxes deducted from gross income or net income?
Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.
Do you pay tax on your gross income or net income?
You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.
If the total Gross National Product increased what would most likely happen to personal income?
Gross national product rarely affects personal income.
Who has the highest gross national income?
The USA still as the highest national income of any country in the world.
What is The gross national income in England?
England's gross national income is 2263.7 billion dollars per year. hope this helps!
What Is The Chineese Gross National Product?
The Gross National Income of China is 9.17 trillion dollars. Their GDP or Gross Domestic Product is 4.99 trillion dollars.
What is a national income?
Besides gross domestic product, national income includes also external income, such as nation's interest rate income/expense and trade balance.
What is best definition of gross income?
Gross income is the money you earn before taxes and national insurance has been deducted. Once deducted, you are left with a net income.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
A car that was produced in Germany and sold in America would be part of which gross product?
gross national product
What is the gross domestic product of the Philippines for 2007?
RELATED ON NATIONAL INCOME ACCOUNTING
What is the national income in Germany?
The (PPP) per capita GDP of Germany is $34,212.
What is the gross national product of Germany?
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What describes the various types of national income?
National income is the total value of a country's final output of all new goods and services produced in one year. National income includes personal consumption expenditure, gross private investment, government consumption expenditures, net income from assets abroad (net income receipts), and gross exports of goods and services, after deducting the gross imports of goods and services, and the indirect business taxes.
