Future Value FV is a formula used in finance to calculate the value of a cash flow at a later date than originally received. Net amount flat tax amounts 100 - total percent of taxes Gross An example Assume the desired net pay amount is 200 and you want to withhold social security medicare and 100 for federal income tax FIT. This is the amount paid to each employee on payday.
For the 2015 tax year exemptions are worth 4000 for yourself.
After setting aside all your companys costs interest taxes amortization depreciation etc from your net sales you can finally determine your net profitnet income. By using the formula we can see that Net Profit 100000 - 20000 - 30000 - 10000 - 10000 30000 Net Profit vs. You perform a job and your gross pay is 50. Net ProfitNet Income Gross Profit Total Operating Expenses Interest Taxes Amortization Depreciation.