All categories

3 years ago

What type of income includes all taxes and deductions before they are taken out?

Business

1 answer:

Varvara68 [4.7K]3 years ago

6 0

Answer:

gross income

Explanation:

You might be interested in

why did the gradute students and professors score lower than chimpanzees in Rosling's global health pre test?

Mice21 [21]

Answer:

...

Explanation:

6 0

2 years ago

Read 2 more answers

In a financial statement audit performed following AICPA Professional Standards, how frequently must an auditor test operating e

Anni [7]

Answer: D. At least every third audit

Explanation: According to the AICPA Professional Standards of auditing. Testing the operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year must be carried out at least every 3rd Audit.

This is done if the auditor plans to use audit evidence from a prior audit about the operating

effectiveness of specific controls. The auditor shall establish the continuing relevance of that

evidence by obtaining audit evidence about whether changes in those controls have

occurred subsequent to the previous audit.

3 0

3 years ago

The inflation rate is decreasing and unemployment is rising. The economy is likely in

dsp73

Contraction . Hope this helps

6 0

3 years ago

Read 2 more answers

Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong f

lesya [120]

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.

4 0

3 years ago

For the past year, Kayla, Inc., has sales of $44,432, interest expense of $3,074, cost of goods sold of $14,909, selling and adm

ryzh [129]

Answer:

$14,439.8

Explanation:

The computation of operating cash flow is shown below:-

The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense - selling and administrative expense

= $44,432 - $14,909 - $4,965 - $10,816

= $13,742

Tax expenses = ( Earnings before interest and tax - interest expenses ) × tax rate of 40%

= ($13,742 - $3,074) × 40%

= $10,668 × 40%

= $4,267.2

So, the operating cash flow

= $13,742 + $4,965 - $4,267.2

= $14,439.8

7 0

3 years ago

What type of income includes all taxes and deductions before they are taken out?​

What type of income includes all taxes and deductions before they are taken out?