How is net income calculated?

Let’s learn how is net income calculated. The most accurate or helpful solution is served by ChaCha.

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Answer:

Net income is calculated monthly based on estimated quarterly volume. Chacha on!

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What is Income Tax. How is it calculated. How can we avoid Income Tax.?

What is Income Tax. How is it calculated. How can we avoid Income Tax.

Answer:

Income Tax is the tax levied by the govt. on the total income of an individual, Huf, Firm, Partnership...

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How is federal income tax withholding calculated?

How does the IRS determine the percentage of your gross paycheck to withhold? There seems to me to be a discrepancy here, because your tax bracket is determined by annual income, but you pay taxes as you go with each paycheck. Let's say your biweekly...

Answer:

In essence, what you described is what happens.  There are different payroll periods (daily (other)...

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If Income Before Taxes is 'net loss' on Income Statement, is actual tax rate still calculated and added?

the tax rate is $40% of taxable income , but I have Net loss $600,000

Answer:

Yes. If you're doing "GAAP" accounting, you have to calculate something called a "book...

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How is bank interest calculated for income tax in India. I dont have any income apart from interests.?

I do not have any other income in India. Do I get the normal exemption for Income tax or is it calculated differently.

Answer:

Banks are required to deduct TDS on interest income if it is expected to increase Rs. 10,000 in a year...

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If someone needs to file taxes in all fifty states, how is state income tax rate calculated on the taxable income?

A partner of an LLC files for taxes in all fifty states. If his hypothetical taxable income is $1 million, what is his federal income tax and state income tax for the different states?

Answer:

There is no simple answer to the question. It depends on a number of factors, including character of...

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Answer:

Hi, Rs. 6,00,00 lakhs per annum looks like it is your Cost to Company (CTC). CTC is an amount that is...

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How is income tax for a corporation calculated?

is it: beginning retained earnings + net income - dividends - requisition of shares = ending retained earnings ending retained earnings x percentage of income tax = Income Tax Is this right? thanks

Answer:

It all relies on how much they donate to the government of their own free will, yes businesses too have...

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idoubtit... at Yahoo! Answers Mark as irrelevant Undo

How is income tax for a corporation calculated?

is it: beginning retained earnings + net income - dividends - requisition of shares = ending retained earnings ending retained earnings x percentage of income tax = Income Tax Is this right? thanks

Answer:

The beginning retained earnings would already have been subject to tax in the prior reporting period...

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Hi how is pf and income tax calculated?

my salary is 7500 pm can any one tell me how is my pf calculated and income tax calculated for a female citizen of india

Answer:

PF: 12% of (Basic+DA) IT: Please download the calculator from http://www.freewebs.com/rajanpras/itcalc...

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