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skad [1K]
3 years ago
14

When making a major purchase, first determine your ______ income by subtracting the deductions from your gross pay.

Business
2 answers:
Bingel [31]3 years ago
6 0

Answer:

When making a major purchase, first determine your  <u>net </u> income by subtracting the deductions from your gross pay.

Explanation:

In business and accounting, net income is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.

Marysya12 [62]3 years ago
3 0

Answer:

net income

Explanation:

There are two concepts of income. Gross income, which is the nominal amount of salary, and net income, which is gross income minus all income taxes. For example, if you have a contract-negotiated $ 5000 salary, this is your gross income. Your net income is the total left over for you after the tax is levied. For example, if your income of $ 5000 incurs $ 700 of taxes, your net income will be $ 4300.

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Pointing out any deficiencies and the possible reasons for them should be done in the _______ step of the marketing research pro
sasho [114]

Answer:

b

Explanation:

4 0
3 years ago
Who is responsible for reporting all taxable income even if it does not appear on a W-2 form?
N76 [4]

Answer:

IRS

Explanation:

5 0
3 years ago
A designer draws two circles, each of area 3.14 square feet. The centers of the circles are 4 feet apart. Do the circles overlap
puteri [66]

Answer:

No, the circles do not overlap

Explanation:

r = Radius of circle

A = Area = 3.14 square feet

Area of one circle

A=\pi r^2

\Rightarrow 3.14=3.14r^2

\Rightarrow r=1\ \text{ft}

The radius of the each of the circles is 1 ft.

If the circles centers are 4 ft apart then the distance between the curves of the circle will be 2 ft apart.

So, the circles do not overlap each other. This is shown in the diagram.

3 0
3 years ago
As per the ________, the entity will remain in operation for the foreseeable future.
bulgar [2K]

As per the going concern assumption, the entity will remain in operation for the foreseeable future. A key accounting theory known as the "going concern assumption" states that a company must be financially stable enough to continue operating through the years.

This suggests that a corporation has a lower likelihood of going out of business. In order to stay in business and avoid bankruptcy, it still uses its current assets to pay commitments. Additionally, the company can continue to make profits because it doesn't intend to or won't be required to liquidate them and is anticipated to remain in operation for at least a year.

A company's break-up value is less than its value as a continuing concern. One of the fundamental tenets of generally accepted accounting standards is this (GAAP). When potential lenders or investors look at a company's financial accounts, the going concern assumption might give them insight into the business. They may be less ready to invest in the company or lend money to it if they believe that it will fail financially or in another way during the next 12 months.

Learn more about going concern assumption here brainly.com/question/14511295

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8 0
2 years ago
Paulina works as a software engineer for her firm. Recently, her company was acquired by another firm that had its own informati
exis [7]

Answer: structural unemployment

Because the new firm no longer had need of her services, Paulina’s job was eliminated this kind of unemployment is called structural unemployment. This kind of unemployment is involuntary. This means that the person is willing and able to work but cannot find a job and such is the case with Paulina as well. Since her services were filled by someone else, this will be classified under structural unemployment .


6 0
4 years ago
Read 2 more answers
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