It is 19900% profit!
if i earn £5000 a year what percentage of tax should i pay
Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
i pay about 45% to my employees... and that's in a non-profit setting. So if your out to make money, you should pay anywhere from 25-35%.
Assuming it can be fixed, you can pay out of pocket for the repair and still make a profit, or you sell it for dirt cheap advertising it needs to be fixed
Lease or retail installment loan-dosen't matter. You call your lienholder, get your pay-off and sell your car. If your pay-off is greater than what you are selling the car for, "you" simply pay that "negative equity" to your lienholder. If you sell your car for $15,000.00 and you owe $20,000.00 you have to pay your finance company $5000.00 and you are done. The $5000. is called negative equity.
If its the first 5000 you make or the only 5000 you make you do not pay any tax on that amount as the first 6000 you make is taxfree.
Your profit margin is your sales price minus your costs. Costs include materials or products, labor cost, taxes and things like water, electricty and gas that are easily forgotten. So suppose you can sell 100 items for 50 dollars, but you need to buy them at 10 dollars, your profit margin could be 40 dollar per product *100 = 4000 dollars, but to sell those 100 products you need to pay a day's wage to your sales clerk, you need to pay for the electricy and the water too. Imagine you're working in an expensive area and it costs 1000 dollars. You're left with a profit of 4000-1000= 3000 dollars.
you usually do. it happened to my brother.
People had to pay to trade and pass through other countries.
That would depend on in what way you are involved. Stores that sell lottery tickets earn a small percentage of ticket sales. The lottery commission itself takes enough of the profit to pay its employees a fair wage and puts the remaining profits towards schools and other state functionary needs. As for the cashiers who sell the tickets, minimum wage or there abouts is typical pay scale for clerks.
To list an item cost you about .35 cents. When you sell it you pay final value fees. The final value fees are a complicated percentage of sale. Pretty much if you sell something for $50 you should expect to pay about $5 to sell it.
Yes, non profits can sell goods to earn money for their business to pay for rent, utilities, and staff wages but they money cannot be given to board members for profit.