How is the earned income credit determined?

Q: What does comprehensive income provides?

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: What is comprehensive income, and what does it include?

A:

Q: how much was net income?

A: Net Income = Change in Retained Earnings + Dividend paid Retained Earnings in 2017 = Total…

Q: What is a creditor

A: Given the following question: What is a creditor?

Q: mpute hi

A: 56,000 dollars per year we divide over 24 payment per year: =2333.33 we calculate the deductions…

Q: How do I determine net income

A: Net Income/Loss earned during a particular period is computed by drawing the statement of Income for…

Q: WHAT IS THE TOTAL COMPREHENSIVE INCOME

A: Incomes routed through profit and loss are shown pretax and at the end the income tax is reduced…

Q: what is creditor and debtor?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: How much income should be declared by Junnel?

A: When creditor foregoes part/full claim and the creditor also pays cash, then these 2 are considered…

Q: What are some economic conditions that affectthe cost of money?

A: The economic conditions that impact the cost of money as follows: Fiscal deficits: The variance…

Q: how do you calculate the net income

A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of…

Q: How to calculate Rent income from income statement

A: Income Statement- It is a report that shows an organization's revenues, expenses, and net profit and…

Q: Define accrual-basis net income.

A: Accrual Basis accounting: Under the accrual basis. the revenue and expenses are recorded accreting…

Q: What is comprehensive income?

A: Definition: Comprehensive Income: When there is a change in the total stockholder's equity from all…

Q: Analyze and explain the statement "Your income level has a role to play in saving"

A: Saving is the residual amount left after expenditures.

Q: what are contrast economic concepts of income from reported income?

A: As per the income statement, the reported income refers to the income left after subtracting the…

Q: w do yo

A: Introduction : A credit history can be understood as a history of a debtor's timely debt repayments.…

Q: What does the gross profit percentage measure, and how is it calculated?

A: Gross margin percentage: The percentage of gross profit generated by every dollar of net sales is…

Q: What is the impact of annuity dues in consideration to business matter?

A: Annuity Due: It is the fixed amount of payment that is due immediately at the beginning of each…

Q: How much is net income?

A: Financial statements are the set of records of the financial transactions and position of a business…

Q: Net income *?

A: Looking the bottom line of the income statement, net income = P650000

Q: Measurement of income approach consists of how much money an individual makes.

A: This question describes about the technique based on income measurement is concerned with how much…

Q: How to compute the amount of net income or net loss

A: Net Income or net loss is computed by preparing the income statement.The first step in computing the…

Q: What is referred by unearned income? How is it adjusted in the final accounts?

A: Unearned income:Unearned income is known as deferred income or deferred revenue. It is the money…

Q: What is the median income?

A: Income distribution specifies how the countries income or GDP is distributed among the population.…

Q: How much is the amount reported as Cther Income?

A: Other income is the income which a business or a company has earned during  the year which has come…

Q: What are incomes

A: Expenses means the amount spent on running the business where as income means the amount earned…

Q: What is the net income

A: Income refers to the revenue which is received by the business when goods and services are sold or…

Q: what are the principal types of credit scoring models.

A: Credit score is referred as a number range from 300 to 850 which determines the creditworthiness of…

Q: What is the net income?

A: Cost accounting means where every cost of doing business is recorded in necessary account and cost…

Q: What is gross income?

A: The concept of gross income can be understood in two contexts 1. for corporates 2. for individuals

Q: What are the definition criteria of an income and an expense?

A: Ans. Income is money what an individual or business receives in exchange for producing goods or…

Q: What makes up gross income?

A: Gross income is direct income of a business generated from direct revenues of the company. It is an…

Q: How do I calculate Net Income & Net Profit Margin

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: What is the difference of net income and gross income?

A: The answer is provided as follows:

Q: How is gross profit calculated, and what does it represent?

A: Gross profit is the difference of amount obtained by subtracting Cost of goods sold from Net…

Q: What do you mean by the term "income approach"?

A: The income approach is a real estate valuation technique that is computed by dividing the…

Q: What does it mean when you have a debit balance of accrued interest income? Does a Debit balance…

A: The accrued expenses are the expenses incurred but not paid yet and hence are recorded as liability.…

Q: Is unearned income a debit or credit?

A: The Adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: what is net income ?

A: Net income is the profit after tax where the profit is the net profit after interest and…

Q: what is Income Projections

A: An income projection statement is a formal document prepared by finance or accounting officers…

Q: Determine Ken's gross income.

A: Gross income refers to the total amount of income without payment of tax and deduction on this…

Q: What is the formula used to get the answers in interest expense and net income?

A: The interest expense is the amount a borrower has to pay against the amount borrowed. It is…

Q: what are investor and creditor？

A: Investor: An investor is a person or organization who invests the money into the business with an…