2006-07-06 01:22:05 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
you're right, technically.. net income is basically your disposable income.. i hope you get as much of it as you can..
2006-07-06 01:26:46 · answer #1 · answered by armenia 2 · 0⤊ 0⤋
Net is you take home pay, so it's calculated as:
Gross (i.e. $10 per hour x 40 hours in a workweek): $400
minus State, local (if any), federal taxes (depends on you many dependents you claim)
minus any other direct reductions, like health/dental insurance, reitrement fund, etc.
For most people without a ton of other deductions, claculate about 73% of your gross pay and that's what you will bring home. Make sense?
2006-07-06 01:28:51 · answer #2 · answered by MeMi96 2 · 0⤊ 0⤋
yes , since in ur gross income ur expense or investment is there+tax liability.
2006-07-06 01:29:17 · answer #3 · answered by Amod M 2 · 0⤊ 0⤋