Gross income is your total compensation before taxes or other deductions ... if you're paid an annual salary of $75,000 per year, the formula shows that your gross income per month is $6,250.

Your provisional income is calculated using the following formula: Provisional income = Adjusted gross income (AGI) + tax-exempt interest + 50% of your Social Security benefits Your AGI includes ...

Some investors use EBIT instead, which is a company's net income before taxes and interest expenses. EBIT does take depreciation and amortization into account. Bottom-line net income offers the ...

All operating costs subtracted from gross profit lead to operating income, but before additional costs such as tax payments and interest expenses are included. Below is an example of the operating ...

A tax shield is a reduction in taxable income for an individual or corporation ... To calculate the tax shield, use the following formula: Tax Shield ...

First, what is a deduction? Deductions are the amounts you can decrease from your income before tax is applied. Taxpayers can either itemize their deductions or take a flat stanardized deduction.