Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

As an employer, you sometimes make extra payments to employees, such as bonuses or reimbursements for mileage or moving. The Internal Revenue Service doesn't require you to pay taxes on mileage ...

Adjusted gross income, or AGI, refers to your total income subject to tax, minus a few specific deductions. AGI is important, as it is used to determine your ability for certain tax credits and ...

If there was one way to explain income, confusion around tax time would be lessened, but that's unfortunately not the case. Aside from net income and gross income, there's also what's known as ...

As a general rule, "gross" means all of something. Gross income refers to an individual's entire income from all sources -- wages, self-employment, bonuses, dividends, etc. Net income is the number ...

Profit margin is one of the simplest and most widely used financial ratios in corporate finance. A company’s profit is ...

The IRS uses your modified adjusted gross income (MAGI) to determine whether you qualify for important tax benefits like deducting contributions from your individual retirement account (IRA) and ...

Jenni Fink is a senior editor at Newsweek, based in New York. She leads the National News team, reporting on politics and domestic issues. As a writer, she has covered domestic politics and ...

In many cases, the difference between net sales and gross sales can be much more than an accounting detail. Let's take a look at Apple and why net sales can be a relevant concept providing a lot of ...

Source: 401kcalculator.org via Flickr. When calculating your income for tax purposes, you may hear the terms "gross" and "net". Gross income includes (almost) all of your income, while net income is ...

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted gross ...