Gross Income Net Of Taxes

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 requirement

I am not sure but Operating income has also sth to do with a volume variance,
Thanks
well please still answer the question

Answer: 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

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:
24,544

Federal taxes withheld: 2,928
State taxes withheld: 1,326

I 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


File Taxes Online Free 2010

File Taxes Online Free 2010

Question: cannot cash irs Tax Refund check?

my wife has been hospitalized since july 2010.
she has had multiple heart attacks & a trachea surgery performed on her throat.
filing married jointly is no problem. i can do this online with free e file.
my question is how can i cash her check since she is paralyzed & has no use of her hands.i need to help pay her medical bills.
thanks for any help.
remember,she has no use of her hands & she cannot make an X.
she does not have a bank account. only I have one.

Answer: If she is disabled, you must have Power of Attorney for her, correct? If so, you are legally authorized to sign her name on her behalf.

IRS says:

Q. Who can sign a tax return if the taxpayer is mentally or physically unable to sign it?

A. If the taxpayer is mentally incompetent and cannot sign the return, it must be signed by a party with a valid power of attorney or a court-appointed representative who can act for the taxpayer. If the taxpayer is mentally competent but physically unable to sign the return or POA, a valid “signature” is defined under state law. It can be anything that clearly indicates the taxpayer’s intent to sign. For example, the taxpayer’s “X” with the signatures of two witnesses might be considered a valid signature under a state’s law.

10 midyear tax moves to make now

Summer’s here. Capitalize on tax breaks you can take when you file your return next year.

Free Tax Calculator 2010, 2011, Free Tax Filing


Open Tax File

Open Tax File

Question: How to enable macros for tax e-File software ?

When I open the excel provided by income tax site “ITR1_2008_09_R1j.xls” it says – please enable macros to use the excel.

Answer: Go to Tools -> Macro -> Security; change the setting to either “Medium” or “Low”; when in Medium when asked for enabling macros, say “Yes”.

Editorial: Transparency missing in tax reform panel

They are a group of, for the most part, academic economists and business leaders. So maybe it wouldn’t be surprising if members of the Special Council on Tax Reform and Fairness for Georgians weren’t especially knowledgeable regarding the state’s open meetings laws. As it turns out, though, the group, led by business executive A.D. Frazier, was only too familiar with laws regarding public access …

Oklahoma Unemployment Tax filing (EZ Tax Express)


Digital Filing Software Mac

Digital Filing Software Mac

Question: Mac software driver for av labs 1.5 inch digital photo frame …?

I bought the frame, but software is .exe file, when supposed to be Mac compatible. Any ideas on where I can get a Mac driver that will work?

Answer: You can’t convert a .exe file for Mac – you need the Mac version of the app.

Look here

http://www.avlabs.net/cms//index.php?option=com_docman&task=search_form&Itemid=36

Mac and IPhone-friendly Alternatives to Delicious

The bad news recently arrived that Yahoo, the struggling search/media/something-or-other Internet giant, let go about 700 staff members. The company is also…

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