What are incomes

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 are the objectives of accounting for income taxes?

A: FASB Summary of Statement No. 109 defines objectives of Accounting for Income Taxes.

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 Income tax payable?

A:

Q: Define Income tax paid

A: Income tax paid is a charge or payment made to the government by the individual or the firms in a…

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: What is comprehensive income?

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

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: Income Taxation What did you learn in the subject income taxation

A: Learning from income tax   1) Income tax collection is maintained by the internal revenue services…

Q: What is the income under accrual basis?

A: Accrual basis is method used by the company to record its transaction in the books. In this method,…

Q: Define Accrued income taxes.

A: Income Tax Expenses: The expenses which are related to the taxable income of the individuals and…

Q: How much is net income?

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

Q: What is the net income What is the total comprehensive income/loss?

A: Comprehensive Income has all increases in equity over a lifetime, with the exception of those…

Q: What is net income? Give three examples?

A: Net income is the calculation of the remaining amount with an organization after deducting taxes,…

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: Define Income before taxes.

A:

Q: Average tax rate? (

A: Tax payable is calculated on the income falling within the respective slabs  The formula to…

Q: income tax rate would be

A: Net Initial Investments -  Profit and Loss on Sale of Old Press - Book Value is  =     120000 Sale…

Q: What is the median income?

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

Q: What is gross profit? How do you calculate it?

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: What are the additional income taxes?

A: Income tax: Income tax is a tax levied on an individual’s income (taxable income). It is a direct…

Q: What is the projected net income?

A: A budget can be defined as a quantitative statement developed to ascertain the funds required…

Q: How much was the profit before finance cost and income tax?

A: Cash Flow Statement is a part of the Financial Statement of a company. It literally means a…

Q: How much is the total exclusion from gross income?

A: Gross income is the income which has been earned by the employee during the year from the employer…

Q: What are taxes?

A:

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 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 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 is the earned income credit determined?

A: Earned income credit: Earned income credit is a refundable tax credit system designed by the federal…

Q: What is personal income tax and it's use?

A: Income tax is a type of tax that governments impose on income generated by businesses and…

Q: how is income tax expense calculated?

A: Income tax expense is form of direct tax which needs to be paid by individual or business…

Q: What is the definition of gross income? “Gross income includes all income unless….”

A: As the name itself suggests that all kinds of incomes are included while computing gross income.

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

A: The answer is provided as follows:

Q: How does discretionary income affect your choices for wants and needs?

A: Discretionary Income is the remaining income of the individual after deducting all necessary…

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 is tax due?

A: Tax Due: Tax due is the tax liability that is payable by any individual person or a corporate body…

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: What is Percentage Tax?

A: Tax:- A tax is the compulsory payment which is imposed by the government on income and capital gain…