In general, 'net of' refers to a value found after expenses have been accounted for. Therefore, the net of tax is simply the amount left after taxes have been subtracted.
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Aug 25, 2020 · As a noun, net can be defined as a mesh-like material that is typically used to divide a tennis court, protect against bugs, or catch something ...
Feb 23, 2023 · Net of tax relates to how much money remains once the amount of taxes is subtracted from generated income. Tax rates can affect the net of tax ...
Gross means the total or whole amount of something, whereas net means what remains from the whole after certain deductions are made. For example, a company with ...
Net of tax is the resultant amount when taxes are deducted from the gross income from a financial transaction. · The net of tax calculation depends on the type ...
Net in accounting, sometimes spelled nett, refers to the amount that remains after deductions are made. A business' financial statements refers to a number of ...
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all ...
Nov 13, 2021 · "Net of" is a commonly used business accounting term for the receiving end. Gross = What you get + What other people/entity get. What you get = ...
Jan 12, 2024 · On the other hand, "net" is typically used to describe the actual amount of money that remains after accounting for all expenses involved. For ...
Aug 5, 2009 · It means excluding the roaming charges. "Net of" means "minus" in accounting jargon. T · Thomas Tompion. Member Emeritus. Southern England.