Gross Income Net Of Taxes
Question: Operating income, gross profit, net profit etc definitions?
Could you please define these words in formula terms:
Ex: Gross Profit= Sales – COst of goods Sold ( other expenses not included)For the following terms please.
OPerating Income
Operating Profit
Operating Margin
Net Profit
Net Profit before Tax ( and Interest)
Net working capital
Net capital Requirement
Capital requirementI am not sure but Operating income has also sth to do with a volume variance,
Thanks
well please still answer the questionAnswer: 1. Inventory sold * price per unit.
2. Operating income – COGS
3. Operating income / revenue.
4. Operating profit – indirect and overhead expenses not in COGS.
5. Net profit – SG&A (except interest).
6. Current Assets – Current liabilities.7. Capital requirement has to do with regulated corporations. It involves calculating debt / liquid assets. The “requirement” part is how much liquid assets they must have in order to be in compliance. So I’m sorry, but I’m not really sure how to answer this last part in a similar manner as those previous.
Investing in San Diego Real Estate Market Terms, NOI -NET OPERATING INCOME
Gross Income Estimator
Question: Does this sound like the right amount for my tax return? It doesn’t seem fair =(?
I’m not married yet, 27, live in MN and I claim 0 on my taxes.
I have two jobs and income stats for last year are as follows:
(I don’t have any crazy things either like schooling or a mortgage. I just pay on student loans)Total Gross Income:
24,544Federal taxes withheld: 2,928
State taxes withheld: 1,326I have no children yet either.
H&R Block’s website estimated $1,000 for my refund… that seems low to me? Especially since the government took over $4,000 of my hard earned, small amount of money last year.
Could H&R Block’s estimator be wrong?!
Last year I made a few thousand less with only one job and I got $1,300 back.
Answer: go to turbotax.com and try the free version to see if it is correct or not. you just need to fill in the blanks on the computer with the numbers on your W2
P2 – Estimate and Forecast your Total Income and Income Tax Exposure – Part 2
Calculate Gross Income From Net
Question: Need help with an algebraic equation?
I am from Australia. I am trying to work out an equation. I want to work out how much I need to earn to clear a certain amount after tax. Our tax is calculated by:
Net Income = (Gross Income – Tax Threshold) * Tax Rate + Base Tax Paid
EG: If I earn $55000 pa, my net income would be calculated by:
Net Income: (55000 – 37000) * 0.3 + 4650
I am trying to form an equation that works this out in reverse to work out the gross income by supplying the net income.
Answer: NI = TR(GI – TT) + BTB
NI – BTB = TR(GI – TT)
(NI – BTB) / TR = GI – TT
[(NI - BTB) / TR] + TT = GI[(Net Income - Base tax Paid) / Tax Rate] + Tax Threshold = Gross Income
Business Calculations & Accounting : How to Calculate Return on Equity
Calculate Gross Income To Net Income
Question: I f i made 80,000 a year in ct, what would be my gross pay, federal income tax, and fica?
Im married, and i choose to file seperatly. After all this is calculated what would my net pay be?
Im married and i choose to file seperatly, and my gross pay would be weekly.Answer: Firstly, you asked what your gross pay would be and that would be 80,000.00. As for the what your net pay would be depends on several factors so why not go to www.irs.gov and see if it has a way to calculate your net pay.
Chiquita Reports First Quarter 2011 Results
CINCINNATI, May 5, 2011 /PRNewswire/ Chiquita Brands today released financial and operating results for the first quarter of 2011, reporting comparable income(1) of $26 million, GAAP net income of $24 million, and net sales of $824 million. …
Investor Training Video 3 – Calculating Income: GSI, AGI, and NOI
Gross Income Items
Question: Does anyone know the answer to this tax problem?
Robert operates an illegal drug-running business and has the following items of income and expense. What is Robert’s adjusted gross income from this operation?
Income$500,000
Expenses:
Rent8,000
Utilities2,000
Bribes to police10,000
Medical expense5,000
Legal fees20,000
Depreciation14,000
Illegal kickbacks15,000
Cost of goods sold200,000Answer: To determine AGI deduct COGS from Net Sales which gives you the gross profit or AGI. He is allowed to deduct only the cost of goods sold; thus, his AGI is $300,000 ($500,000 – $200,000).
All the other expenses are operating and administrative business expenses. They can be used as deductions but are not used to calculate the AGI.
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