The company's reliable expense.2.What does “disposable income” mean in Para. 3?a. Previous income.b. Net income.c. Total income.3.You have to be clear ofwhen organizing financial information.A. the income and expensesB. the marketing fundC. the budget management4.The thre 31、e main...
Generally, the difference between book depreciation and tax depreciation involves the “timing” of when the cost of an asset will appear as depreciation expense on a company’s financial statements versus the depreciation expense on the company’s income tax return. Hence, the depreciation expense ...
The income statement is an overview of how a business is performing over a particular accounting period such as month, quarter or year. Learn more.
According to most tax authorities, a business expense has to be both necessary and ordinary. Ordinary means it is common or accepted in that sector, while necessary means it was needed or helpful in pursuit of making sales, i.e. earning income. Expense: an outflow of money Some of the l...
Operating income Other income and expenses Net profit Revenue Your revenue represents the total amount of money your business earns during the specified period. It will include sales, fees, commissions, and any other income generated by the business. ...
Selling, general, and administrative expense is basically a fancy name for operating costs. Read this article to learn what is included in SG&A expense, and why it is a significant number.
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What is the difference between Social Security and Medicare payroll taxes? Is the sales tax paid on merchandise that you will resell an expense? Related In-Depth Explanations Accounting Basics Balance Sheet Income Statement Mark the Question as Read Advance...
Disposable income is the amount of money that an individual or household has to spend or save after federal, state, and local taxes and other mandatory charges are deducted. Economists closely monitor disposable personal income as a key indicator of the strength of the economy. Also known as ...
Gross income for an individual—also known as gross pay when it’s on a paycheck—is an individual’s total earnings beforetaxesor other deductions. This includesincomefrom all sources, not just employment, and is not limited to income received in cash; it also includes property or services ...