LA Business Daily

Gross Income? What does your gross income consist of?

How net income and gross profit are likely to be affected after adding a new product line? hey guys I have a question about net income and gross profit. How gross income and net income are likely to be affected when a company add a new line beside their traditional line? thanks hey guys I have a question about net income and gross profit. How gross income and net income are likely to be affected when a company add a new line beside their traditional line? if a cereal company adds a new line that is related to its previous line ( new cereal and food and grain-based products ) but outside their traditional line, what will happen to their net income and gross profit? thanks if a cereal company adds a new line that is related to its previous line ( new cereal and food and grain-based products ) but outside their traditional line, what will happen to their net income and gross profit? thanks

What is the annual income I should write on the form I-864, Total income or adjusted gross income? I'm self employed, and, in my tax return my total income is enough to be a sponsor, but after "self employed taxes", my adjusted gross income falls a little behind the line. They ask to write my adjusted gross income for the last three yeas, I understand that, but I don't know what to write on line 23 where they ask my "individual annual income". Any help? Thanks Ok, just to be sure, so it's not adjusted gross income?

How do you calculate your gross income? I don't remeber how to calculate gross income. Do I multiply something?

What's the difference bewtween gross income and adjusted gross income? For my UC application, i need to fill out my parents income and i want to know the difference between gross income and adjusted gross income.

how much of my gross income can i invest in schemes that allow me to avoid income tax? this question is not country specific.would like to hear of options in all countriesIf i earn for example us$50,000 dollars p.a gross, is it possible for e to invest that whole amount in govt scheme or in a fund hence avoiding income tax? thanks raya.does this mean i could invest my entire gross earnings in a non taxable mutual fund avoiding the 40% income tax rate i am hypothetically liable for?

Can health insurance premiums be taken out of your gross income? My husbands employer has taken his insurance premiuns out of his gross income which has made his gross income lower. Actually his premium was taken out pre tax. Now on his w-2 it doesnt show up at all as if he never earned it.

How do i itemize deductions from gross income? I have this form i have to fill out for court for child support, line 3 says itemize deductions from gross income, a)federal income tax b)state income tax c)fica/medicare Any help would be thankful Chris Its for weekly gross income. if that helps.

How do you answer the question of 'Gross Annual Household Income' when applying for credit? I have two roommates. None of us have any financial obligation to each other, other than paying rent and utilities. When asked 'What is your Gross Annual Household Income?', do I respond with MY gross annual income, or with the COMBINED gross income of me and my two roommates (my household). Note: We rent, there is no mortgage.

What is your ratio of gross income to taxes owed for $2007? I just added up all income tax liability divided it by gross income and came up with 21.66%. What is yours? How do you feel about it? Would you be willing to pay more? Do you feel that you receive good value for your dollar? What is your perception of the amount paid by US taxpayers compared with taxpayers in other countries? (This question does not take into account property and sales tax paid which may very by region.)

Do I have to have the higher adjusted gross income to claim my children for the Earned Income Credit? My fiancee has the higher gross income. We have 2 children together and we are trying to figure out the most beneficial way to file our taxes for 2006. It looks like the best way is for me to claim our 2 children, even though he has the higher adjusted gross income. With me claiming the children and using H&R Block online tax software I get a substantial amount more money back than he would. Therefore, am I permitted to claim the 2 children instead of him and claim them for the EIC? I just want to make sure that we file everything correctly. Thanks for any help in advance. PS: We even used the IRS EIC Assistant to figure out the EIC information for us too and it matched the H&R Block software results fairly accurately. It looks like it should be fine to file this way but I just want to be safe that we are filing properly to ensure maximum benefits. We live together and have for a number of years and both of the children live with us all year as well. Therefore, I am under the assumption that we can pick and choose which one of us can claim the children. Is this thinking correct? Does the person who makes more money have to claim the children?

What percentage does your monthly gross income goes toward the mortgage? I'm looking at buying a new home in a few weeks and wanted to know what people are spending on there mortgages. Our gross is $10k. We're looking to spend $2500 on mortgage(including,tax,principal,insurance) which will be 25% of our monthly income. For those that spend more than 25% do you ever feel tied down? We still want to be able to travel and play and not feel tied down. We are almost debt free and dont have any kids. Both have stable jobs. Any advice would help

How is gross income calculated for self-employed people? We're doing our taxes online. Some programs list his self employment income (which was reported on a 1099MISC) as the whole amount he earned. Other sites list his gross income as the amount on his 1099 less the costs of doing business. Obviously, this one difference makes a big difference in our taxable income. Why would it differ from service to service online and which is the correct way?

Can I get my entire adjusted gross income returned to me as a refund? I had only one job last year, and my adjusted gross income was approximately $1,500. I'm 31 y/o, single with no dependents. Is there a way for me to get all that money back as a refund? If so how? Or do I have to settle for a small refund amount of a few hundred dollars? Wood Smoke, I figured that since I only earned a small amount last year, I'd be able to get it all back.

Whate is virginia adjusted gross income? I'm trying to file my state taxes online and they are asking for the Virginia adjusted gross income, it states that I can find it on line 4 on my 1040 EZ form, but that is not accessible at the moment. What income is that? I know it’s not the federal income taxable income. So is it the amount I received back for my federal returns? I’m sorry if this seems simple but I’m not quite sure.

If you are married and your adjusted gross income was 24,594 for 2007 how much will your stimulus check be? If you are married and your adjusted gross income was 24,594 for 2007 how much will your stimulus check be?

What is the percentage increase in my gross income? My current net income is 36,791.50. This will increase to 38,880.10, which is an increase of 2,088.60. My standard rate of tax is 20% and my higher rate is 41%. The standard rate cut-off is 35,400. My tax credit is 3,250. This is an exam question, and it's on my brother's Junior Cert mock exam. We can't figure this out and it's driving us nuts. How much does my gross income have to increase to generate this level of net income increase?

What will be the increase in Sarah's gross income as a result of the sale of the stock? Sarah, a widow, is retired and receives $24,000 interest income and dividends and $8,000 in social security benefits. Sarah is considering selling a stock at a $6,000 gain. What will be the increase in Sarah's gross income as a result of the sale of the stock?

What does our adjusted gross income have to reach before we have to start worrying about the AMT tax? My wife and I (married filing jointly) adjusted gross income is getting into the $110K's area - at what point do we have to start worrying about this AMT tax we keep hearing about in the news

Are income restrictions for apartment compared to gross or net income? Rent is 1400 my mom makes 2500 a month as net income and much more for her gross income. If we move into an appartment will they compare the rent to her gross or net income. You have to make 3 times the rent a month.

What is the excluded and included in my gross income? my MAGI is 75,000 and I earned 4,500 as interest on U.S. saving bonds. What amount should I include and exclude from my gross income? 2 hours ago - 3 days left to answer.

Is their a limit to gross income and mortgage interest tax deduction? My wife and I will make around $160,000 this year. Is their a limit to gross income and the mortgage interested tax deduction?

Do you have to include shipping costs in your gross income for self employeed taxes? Do I have to include all the shipping costs that I used to ship my products in my gross income? Also since I sell on ebay can I remove the ebay and paypal fee's that I paid from my gross income?

Is the adjusted gross income the same with my dad's earned wages if my mother didn't work? Is the adjusted gross income the same with my dad's earned wages if my mother didn't work? The problem is my mom didn't work last year, so is my dad's earned wages the same with the adjusted gross income?

How to calculate federal adjusted gross income without 1040ez form in front of me? I e-filed federal a month ago and got my return already but how do I figure out federal adjusted gross income to file state taxes?

Is the federal poverty guideline determined by taxable income or by gross income? Hi, I am asking the question above because my wife is in the process of immigrating to the US. I sent my tax return for last year to the consulate where she lives and they said that I don't meet the poverty guidelines because my taxable income in less than the rate for 2 in a household. I was dumbfounded to say the least because I always thought that income was determined by gross not taxable income. Someone please help me, a reference site would be helpful if anyone knows of one. Thank

Do you still consider total gross income for cap amt for social security deduct when insurance is deducted? When total gross income reaches $102,000 (cap amount), no more social security is to be deducted from your check. But what if insurance is deducted from the gross before social security is figured?Do you still go by the total gross income or the adjusted income after insurance to figure your cap amount?

How do I obtain my 2007 adjusted gross income? I'm trying to efile my taxes for 2008 but it won't let me complete my filing until I enter either my pin from last year (which I don't remember) or my adjusted gross income from last year. (I can't find my tax papers from last year anywhere) How do I obtain this information?

How should I calculate my gross income for the purposes of deferring my UK student loan payments? I'm in a salary sacrifice scheme at work whereby I can reduce my taxable salary as much as I like in exchange for my employer paying that same amount into my pension scheme. This is effectively an NI and income tax avoidance scheme (although it is legal and sanctioned by HM Revenue & Customs). Each year the Student Loans Company writes to me and gives me the opportunity to defer starting to repay the student loans I took out whilst at university. To do this, I need to demonstrate that I earn less than a certain amount each month. Now, the question is: what does the law say about the way I should calculate the gross income I declare to the Student Loans Company when applying for deferment? I would think it makes sense to follow the principles of filling in a tax return ie to use the figure which goes on my P60 rather than my notional salary before the pension salary sacrifice. Do you have a definitive answer? The amount on my P60 (after someone has done some jiggery-pokery with it) is my gross income for tax purposes. I'm interested in the legal position ie what I'm legally obliged to declare. Thanks

How do I calculate an itemized deduction when a tax return's Adjusted Gross Income is a negative number? The tax return guidelines state that certain itemized deductions cannot exceed a specified percentage of the Adjusted Gross Income (i.e., 7.5% of medical expenses). Is the deductible amount "zero" if the AGI is negative?

What is the gross income for this scenario...? My dad owns a restaurant, but it didn't make any profit. Should the gross income be the total earning BEFORE subtracting the expenses or AFTER the expenses. If it's AFTER, the total will be a negative number. Which one is the gross income???

Adjusted Gross Income for Economic Stimulus Act of 2008? I have read/seen/heard different things regarding the Adjusted Gross Income Limits for this year's Economic Stimulus package. Does anyone know what the income limit is for married filing jointly with 1 child? And how do they get that AGI? Is it the W-2 figure for our 2007 1040? Can anyone tell me what line it is on the 1040? Thank you!

How can i get a health plus insurance i got a letter and it was denied because my gross income is too much? It say i was deny because your family health plus application because your gross income of $125.632 is over the family health plus income limit of $851.00 and 185% of the public assistance standard of needs of $352.10 i think it need to be $851.00 a month am not sure it s there a better one i can go do i live in new york i from Brooklyn because i really need it i need it because i losses my appointments with the dentist, doctor and psycholigist what should i do? My United Healthcare was expire 11/06 There any place i can go?

Is FICA deductible from my gross income when I file tax? I have a general quesiton about FICA. Let's assume the following My gross income is 50K FICA withhold is 3500 And there is no other deductible When I file my tax, is my taxable income = 50K - 3500? Or I have to pay my tax on th 50K, being double taxed on the 3500 portion.

what is the excluded and included in my gross income? my MAGI is 75,000 and I earned 4,500 as interest on U.S. saving bonds. What amount should I include and exclude from my gross income?

Where on my W2 form is my adjusted gross income? I'm filing the 1040EZ and trying to file my fasfa....but i can't figure out which line has my adjust gross income in it?

How do I file for zero taxes withheld on my W4 form (ie, get all of my gross income and pay later)? I want to receive my gross income and put in the bank and pay Uncle Sam in quarterly installments. What exactly do I need to fill out on my W4 form?

What's the difference between Gross Income & Total Income? I'm doin this "Marriage Project" fer my school & i'm confused on what the difference is between Gross & Total Income? HELPPP :D

does adjusted gross income include or not taxes ? like say i make 100,000 and pay 30,000 taxes....so i only get 70.000 really...is that my adjusted gross income ? oh so i can subtract medical expenses, mortgage interest payments, and such ?

Need to find my 2005 adjusted gross income from taxes filed? I recently moved and cannot find a copy of last years taxes. Can't file this years w\o last years adjusted gross income. Where can I find it?

College Application: How do I find out my family's gross income for 2007 and 2008? I know I can find out my family's gross income for 2007 by looking at the tax return form, but what about for 2008?

adjusted gross income from a check stub? Im filling out a financial aid application and its asking for my Adjusted gross income for 2009. I would like to know if I can find this on a check stub or do I have to wait in order to find out from my W-2 forms. it was a seasonal job and I only worked for about two or three months. havent gotten my W-2 yet. Can I use the YTD?

Why is it that the DA goes off of your gross income instead of you net income? Because when your living at the homw with the child and supporting them, the child only see's the net income and not the gross income.

Does my Modified Adjusted Gross Income become lower if I increase my 401k contribution? Im trying to figure out if my 401k deductions will reduce my MAGI? Im just over the amount to get a tax credit, and Im wondering if I increase my 401k to 15% will it reduce my modified adjusted gross income.

Do you go into a higher tax income tax bracket when you make over 24.000 gross income? Do you go into a higher income tax bracket when you gross over 24,000 in a year and how much difference does it make on how much you pay in?

If you earn a gross income of $6000 a month in California, how much is you take home pay after taxes? What are the income taxes to be paid if you work in California? What are the percentages of income taxes to be paid from gross income, say , if you have four dependents, and you earn $6000 a month?

do expences make my return higher, or my gross income lower? I worked for myself last year and grossed 14,325..if i file with expences does that make the return higher r the gross income lower?

Are capital gains part of gross income to the IRS? I am wondering if capital gains are included in the definition of "gross income" or it is just money that you have earned through employment?

When my parents claim me as a dependent, does my income get added to their gross income? I earned ~$2000 in work study. My parents are claiming me as a dependent and to also get EIC. If I file 1040 EZ would my income be added to their gross income? If I do not file to get the taxes withheld from me, would my income not be added to their gross income (line 1)?

how to get instantly the adjusted gross income (AGI) filed for 2006 income taxes? how to get instantly the adjusted gross income (AGI) filed for 2006 income taxes if you don't have a copy of the return where can I get or see the AGI for the 2006? Is there a website like IRS but so you can see it online instantly?

I had trouble filing my tax return,because of the Adjusted Gross Income? I filed with Turbo Tax,but kept getting rejected because of the prior year's Adjusted Gross Income. So I have to file by mail instead of electronically.

what if not mistake is done gross income while file returning? Eg gross income is Rs 90000 and by mistake Rs 900000 entered and submitted while income tax return than how to modify it after one year.

Are qualified dividends included in your adjusted gross income? Is there any difference between qualified and non-qualified dividends when it comes to computing adjusted gross income or do both get factored in?

Do you physically get 8000.00 if you quality or is it just taken off your gross income? I have heard it both ways...that you don't get 8000.00 it is just taken off your adjust gross income so you don't have to claim as much income. Can some one clarify this for me?

how do I find my adjusted gross income back? I filed and mailed in my 2008 tax return by mail, so I don't have a copy of it. I need my adjusted gross income for 2008. What is an IRS # that I can call to find it? thanks!

What should my parent's Adjusted Gross Income be for me to be considered for scholarships? Why do scholarships ask for parent's adjusted gross income?

what is deducted from your gross income if you file head of household and make 72,000 and you're single with 2 kids and the only other deduction is a 401-k plan that is pre-taxed at 500.00 a month. Do you take the standard deduction and still subtract the 6000.00 total of the retirement from your adjusted gross income. Also I get 1500.00 a month from life insurance policy which id added to the Gross income

Is alimony based on net or gross income? My soon to be ex's income is never the same. It varies from week to week. Most weeks he grosses over 1000.00 per week and nets nearly 1000.00, sometimes a little less. How will the judge determine the amount?

What is the average gross income for a small business.? Too many people have different opinions about how much a small business makes and I need to know what the average gross income is

Do apartments generally decide minimum income based on "take-home", or gross income? I know about the "30% of your income" rule, but is it gross or take-home? I claim no deductions, so it makes a big difference.

Can 2005 tax payment be deducted/reduced from 2006 gross income? My new spouse had a huge amount to pay for her taxes from 2005 because he defaulted on a 401k loan; we are working towards getting the money back from him, which will happen over time, but my question is whether this exorbitant amount she had to pay is available to be deducted from gross income in 2006 or if there's any type of credit for this? HELP! She didn't file jointly, she filed herself, but the 401K loan was from her account. She was stuck.....