Net pay is the amount of money employees earn after payroll deductions are taken away from gross pay. These includes taxes, benefits, wage garnishments and other deductions. In simple terms, net pay ...

Understanding the difference between gross pay and net pay is crucial for both employees and employers. Gross pay is the ...

If you manage a business, paying a bonus is a surefire way to make your employees smile. Essentially, a bonus is compensation over and above what an employee usually receives. Bonuses are taxable, ...

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A long list of other tax breaks, including the child tax credit, the American Opportunity Credit and the adoption credit, are ...

Gross pay is the amount of money you earn before any payroll deductions are taken out of your paycheck. In contrast, your net pay is the amount of money you take home after deductions like taxes, ...

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An income statement lists a company's revenues, expenses and net income, or profit. Net income equals total revenue minus total expenses. A condensed income statement reports the same overall ...

How much should you be worth if you don't make much? Or how about if you have a high income? Keep reading for the recommended ...

Net worth is calculated by subtracting total liabilities from total assets. Your net worth can fluctuate over time. Having a negative net worth is not necessarily problematic. Income isn’t the only ...

Dana Miranda is a Certified Educator in Personal Finance, creator of the Healthy Rich newsletter and author of You Don't Need a Budget: Stop Worrying about Debt, Spend without Shame, and Manage Money ...