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What else can I help you with?
What is the largest single source of the federal government revenue?
In the United States, it's Personal Income Tax.
What does Revenue less expense equal?
net income
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
A family is in the 15 percent federal tax bracket if the family annual income is 62500 how much tax does it owe to the federal government?
you multiply .15 by 62,500 it equal 9,375
Largest porportion of federal revenues comes from?
45% of the federal revenue comes from Income tax36% comes from Payroll taxes12% comes from Corporate tax7% comes from Excise Tax4% is other sourcesNotes:In 2008 the federal government collected $2.5 trillion, an amount equal to 17.7 percent of GDP. Federal revenue has ranged from 14.4 to 20.9 percent of GDP over the past five decades, averaging 18.2 percent.Payroll taxes swelled following the creation of Medicare in 1965. Taxes for Medicare, combined with periodic increases in Social Security taxes, caused payroll tax revenue to grow from 1.6 percent of GDP in 1950 to more than 6 percent since 1990. Payroll taxes also include railroad retirement, unemployment insurance, and federal workers' pension contributions.Revenue from the corporate income tax fell from between 5 and 6 percent of GDP in the early 1950s to 2.1 percent of GDP in 2008.Excise taxes fell steadily throughout the same period, from nearly 3 percent of GDP in 1950 to 0.5 percent in recent years.The remaining sources of revenue have fluctuated less, together claiming between 0.5 and 1.0 percent of GDP since 1950 and standing near the bottom of that range in 2008.
Do you enclose a copy of your state tax return with your federal return?
No. The Internal Revenue Service does not require a copy of your state tax return to be sent with your federal return. Many states however do require a copy of your federal return to be sent in with your state return. Most have an income limit that triggers this requirement. In Georgia, the trigger is $40,000 and if your federal adjusted income is equal to or exceeds $40,000 then you are required to include a copy of your federal tax return to be enclosed with your state return.
Do you enclose a copy of your federal return with your state return?
No. The Internal Revenue Service does not require a copy of your state tax return to be sent with your federal return. Many states however do require a copy of your federal return to be sent in with your state return. Most have an income limit that triggers this requirement. In Georgia, the trigger is $40,000 and if your federal adjusted income is equal to or exceeds $40,000 then you are required to include a copy of your federal tax return to be enclosed with your state return.
What is the total revenue at break even point if Ace corporation's variable costs are equal to 43 percent of sales revenue and their fixed costs per month are 600000?
Revenue at BREAK EVEN point is $0.00
What is net income and net cash flow?
Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. It can refer to the total of all the flows involved or to only a subset of those flows.
Net income plus operating expenses is equal to?
Net income plus operating expenses equals gross profit, or total revenue. To calculate net income, accountants subtract total expenses from total revenues.
What does revenue divided by income equal?
As far as I know, nothing. Revenue and Income are sometimes interchangeable. Revenue refers to money made by a business (ALL MONEY) and generally just the term Income does too. There are other terms to consider.Revenue (or Income)Gross Income (the amount of money a company has AFTER COST OF GOODS SOLD are deducted)Net Income (the amount of money the company has earned after all expenses have been paid, taxes, etc.)Retained Earnings (the amount the company keeps after any dividends are paid on stock if applicable)Net Income divided by Revenue equals Net Profit MarginLet me give a few quick examples of the terms:Say you sale a motorcycle for $15,000.$15,000 is your Revenue (or income)You paid $7.500 for the bike, this is the Cost of Goods SoldGross Income would be equal to$15,000 (Revenue) - $7,500 (COGS) = $7,500 (Gross Income)Net Income after all Taxes and Expenses are paid, to keep this figure simple we will only use one expense. Say your paid commission of 25% to the salesman of the original $15,000$7,500 (Gross Income)- $3,750 (expenses)= $3,750 (Net Income)We will assume that there are no dividends to pay, therefore the $3,750 is also your retained earnings, your profit on the sale of the bike.
Does the equal credit opportunity grant privileges?
yes such as the federal income tax or the job union in the united states
