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True or False Income and expense columns are the primary components of a budget. a) True b) False?
Wiki User
∙ 7y ago
false
Wiki User
∙ 7y ago
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A person's 3 month income equal to 4 months expense he saved 450 in a year so how much he earn per month or a year?
4 months' expenses = 3 months' income. So, in a year, 12 months' expenses are covered by 9 months' income. This means he saves three months' income in a year. 3 months' income = 450 so monthly income = 150 or annual income = 1800.
In computing the median income of any group some federal agencies omit all members of the group who had no income Provide an example to show that the reported median income of a group can go down e?
{| |- | Primary Market Area Number Percent4,397 8.5% 1,360 2.6% 1,446 2.8% 1,783 3.4% 2,097 4.0% 1,986 3.8% 4,076 7.8% 6,061 11.7% 8,430 16.2% 6,976 13.4% 4,181 8.0% 5,171 10.0% 4,001 7.7% 51,965 100.0% compute median income |} {| |- | Primary Market Area Number Percent 4,397 8.5% 1,360 2.6% 1,446 2.8% 1,783 3.4% 2,097 4.0% 1,986 3.8% 4,076 7.8% 6,061 11.7% 8,430 16.2% 6,976 13.4% 4,181 8.0% 5,171 10.0% 4,001 7.7% 51,965 100.0% compute median income |}
What portion of total income earned by Americans is unearned income or income other than earned income?
Mmhg
What is backend ratio?
Backend Ratio, is a term used in home financing. It is the total of all the debts a borrower has as a percentage of their gross income. FNMA, FHLMC and FHA use this ration while VA uses only one percentage and that is determined by the borrower's stable income. (See Front End Ratio, which is the actual housing expense without the other debts included. Lenders will normally use the lower of the two numbers in qualifying although the borrower normally must qualify under both amounts.)
How do you convert your income in to numeric value?
numeric value for monthly income
Is purchases an income or an expense?
it is neither an expense nor an income
What is the difference in percentage of income versus percentage of expense?
Income = expense + savings&investments Income = expense + savings&investments
Is purchase returns an expense or income?
it is neither an expense nor an income
Is interest on fixed deposit an expense or income?
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
What are the two components of return?
There are two components of return. These are followings: 1. Yield 2. Capital Gain
Is directors remuneration an expense or an income?
Its an expense
Is director remuneration is income or expense?
Its an expense
Where does interest expense in the income statement?
Interest expense is shown at debit side of income statement because it is an expense for business.
What is a contra expense?
A reduction of an expense on the income statement.
Where do the Maintenance expense go on the financial statement?
Maintence Expense is just like any other expense and will be reported on the income statement and deducted from Gross Income to obtain Net Income...
Is wages due debit or credit?
wages is expense and expense is debit salary is income and income is credit
Is income tax an expense?
Yes. Depending on the specifics, it may or may not be a TAX DEDUCTIBLE expense, but it is most certainly an expense. (For example, your (or a Cos) state income tax is an expense, it pays it, its bottom line - the money it has to give to its owners is lowered by it), but and it is a deduction (or expense) against FEDERAL taxable income. But it is noot an expense in calculating the income you pay the State Tax on. Just like the Federal tax is NOT an expense (deduction) you can use to calculate the State Taxable Income on.
