I don't know how insurance calculate it, i think they should go after gross income instead of net income
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
The percapita income is the income earned per person by the state or country.It is calculated by dividing the total national income by the population of the state.
You can qualify for income insurance if you become ill long term, or have a serious accident which prevents you from working or earning an income. As with car insurance, you need to choose the insurance package that is best for you. Additional information can be found at the following link: http://www.incomeinsurance.co.uk/
income over expenditure is profitexpenditure over income is loss
The cost of income protection insurance varies. It is dependent upon several variables and factors that will be unique to each situation.
because it is....
Life insurance
Life Insurance
Coverage for loss of income and extra expenses necessary to continue operating following a covered loss.
No, the insurance settlement is considered compensation for a loss, not income.
Disability Insurance Needs One of the most common causes of income loss is through a disability. While most disabilities cause only temporary loss of income, any income loss can be devastating if you are not financially prepared. This calculator helps you determine how much disability insurance you may need to cover expenses during such a disability.
Insurance is a tool to prevent financial loss. If there are ones that would be put at a disadvantage because of your loss of income or if you have debts that would cause hardship then you need life insurance.
Not exactly. Reimbursement for the loss is not taxable income....just like simply selling the property at no loss/gain would not have been income. Common sense prevails here - what you CAN'T do is take a casualty loss for damages that are reimbursed by insurance. (The reimbursement means you didn't have a loss). To the degree you have an unreimbursed loss, that's fine. If you report a loss and then are reimbursed, essentially that would become income.
Denis Riley has written: 'Consequential loss and business interruption insurances and claims' -- subject(s): Business income insurance, Business interruption Insurance, Insurance, Business interruption 'Riley on business interruption and consequential loss insurances and claims' -- subject(s): Business income insurance
Business insurance covers things that would be a financial loss for the company. This would include natural disasters, liabilities, loss of income, record protection, etc.
No. Insurance benefits from a house fire would be considered a swap of assets. You cannot take a deductible loss on your taxes for the loss that was reimbursed by insurance.
No, proceeds of an insurance claim are repayment for your financial loss. It's not considered income.