0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a voluntary income deduction?
Voluntar income deduction is money taken from your gross pay that you have control over.
What is the Difference between gross profit and fluctuating profit?
The difference is, that gross profit includes deduction from manufacturing cost. Sales value - Rawmaterial - Freight = Fluctuating Profit - Manufacturing Cost - Procurement = Gross Profit - Operating Expenses = Operating Profit
Gross profit is equal to the?
Gross profit is profit before Selling, General and Administrative costs (SG&A), like depreciation and interest; it is the Sales less direct Cost of Goods (or services) Sold (COGS), Net profit after tax is after the deduction of either corporate tax (for a company) or income tax (for an individual).
Is the interest on a home loan tax deductible?
Maybe, it will depend upon if you have enough itemized deductions to exceed the Standard Deduction andyour adjusted gross income is less than $100,000.The Standard Deduction is an deduction from income based upon your filing status. The Standard Deduction is normally adjusted each year for inflation.In tax year 2011 the Standard Deduction for single or married filing separate was 5,800 and for married filing jointly was $11,600.So to be able to deduct every dollar of the interest on your home loan, you will need to have other Schedule A Itemized Deductions that exceeded your Standard Deduction.In other words, if your qualified medical expenses, state and local income taxes, home real estate taxes, charitiable contributions, casualty losses, education expenses, investment expenses, and legal expenses add up to be more than your Standard Deduction ($11,600 for married filing jointly) AND youradjusted gross income is less than $100,000 (married filing jointly) the interest on a home loan will be tax deductible.
What is grp?
GRP stands for gross regional products. It is used to look at the current financial value for a variety of agreed upon items.
Is cost of goods sold and expense?
From a financial reporting standpoint, no. Cost of Goods Sold (COGS) is shown on the income statement below sales as a deduction to calculate gross profit. Expenses are shown as a deduction from gross profit to calculate net profit.
Which would you expect to be the biggest amount on your pay stub?
Gross income -apex Financial Literacy
Gross salary in India?
gross salary=net salary+deduction
What is a voluntary income deduction?
Voluntar income deduction is money taken from your gross pay that you have control over.
What is consolidated salary?
It is a Gross salary which have no any deduction such as EOBI,PF,and medical. when it deduction from gross salary is called net salry. Regards,umar shahzad Gujjar M.COM
What is Deduction from gross total income?
http://wiki.answers.com/Q/What_is_Deduction_from_gross_total_income"
What is total deduction gross to nett salary in Hungary?
ghol di ghaim
With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?
$22,500
How do you print out your pay slips from Manpower?
the total gross pay plus tax deduction
What is gross and net receipts?
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
How do you convert a gross ton to net ton?
To convert gross tonnage to net tonnage, you subtract the deduction of spaces from the gross tonnage value. This deduction typically includes non-cargo spaces like crew quarters, machinery spaces, and navigational equipment. The resulting value is the net tonnage of the vessel.
What is The maximum deduction for a charitable bequest of the residuary estate is reduced by the gross estate is reduced by what percentage?
The maximum deduction for a charitable bequest of the residuary estate is reduced by taxes and administrative expenses.
