what he received,not his gross income, what he gained. It does not reflect what he gave up in exchange. He has over the year received the total shown on the W-2, and during the same year he had expended a great deal of energy and labor, he has given a year out ...
a technical recession is a decline of gross domestic product or GDP for two consecutive quarters. That means the value of all the goods and services produced in the country went down for six months straight, but the US National Bureau of Economic Research, which tracks the start and finish ...
Although the concept seems straightforward, there is no strict definition of what constitutes a “virtual office.” A company employing a multistate or multinational virtual workforce invariably begs the question of whether it has tax payment and reporting obligations (e.g...
Simply divide all your monthly debt payments by your gross (pre-tax) income, and then multiply that number by 100. This will give you your DTI percentage. In some cases, what constitutes “income” and “debts” is clear-cut. In other cases, not so much. Generally, lenders follow these...
The money a business generates through the sales of goods and services connected to its core business activities is what it calls revenue. Revenue, also known as gross sales, is the item that appears first on the income statement and is hence referred to as the top line. The whole amoun...
Industry experts like Michael Philippou provide valuable insights into what constitutes a good profit margin. For instance, in the restaurant industry, a net margin above 10% is considered excellent. Why Should I Focus on Gross Profit Margins?
Household income is the gross income earned by all of the people in a house, except for children. Financial institutions use this...
Form 8300 provides the IRS and FinCEN with a tangible record of large cash transactions. FinCEN has its own ideas about what constitutes cash and what does not. In addition, they have rules about how individual or related transactions are determined. ...
Gross income includes all the income that constitutes earned income—namely, wages or salary, commissions, and bonuses, as well as business income net of expenses for those who are self-employed. It also includes income that doesn't come from employment. For instance, it includes income from i...
a well-regarded mutual-fund research and rating organization, the average international equity fund with assets greater than $5 million has a 1.68%gross expense ratio.