RE: And that adds up to double

by JP Bill - 11/17/12 4:38 AM

In Reply to: Either way.....the gov gets double by TONI H

1/2 and 1/2 adds up to double?

Double what?

NO...It adds up to 1

In 2011

Profit Before Tax 38834.0
Profit After Tax 26097.0

Investopedia explains 'Profit'
Profit is the money a business makes after accounting for all the expenses. Regardless of whether the business is a couple of kids running a lemonade stand or a publicly traded multinational company, consistently earning profit is every company's goal.

Payroll TAXES are a TAX and classified as an Expense.

Are you sure you worked as an bookkeeper/accountant?