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 ...

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 ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

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 ...

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 ...

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 ...

If you have $100,000 in pretax profit, that's better than running in the red – but is it good enough? That's where the pretax margin calculation comes in by transforming the dollar amount into a ...

When it’s time to calculate your tax bill, knowing your adjusted gross income (AGI) is a crucial first step. If you file your tax return online (or have your tax preparer do it), you’ll need your AGI ...

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 ...

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 ...