answersLogoWhite

0

A car dealers net income is the amount of money he makes after all expenses, bills and taxes have been paid.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Net Cost when purchasing a vehicle?

Car dealers must list "Plus sales tax" when advertising a lease. When advertising a sale they can write "Net Cost" but this is a dishonest use of the phrase. The definition of net cost is gross cost minus income received. There are still other costs such as tax, setup fees, destination, etc.


Formula for net income?

Net income percentage = Net income / Revenue


Which section of the income statement does not report net of income taxes or net of income?

Trading account statement does not report net of income taxes or net of income.


Formula for net income percentage?

Net income percentage = Net income / Revenue


Does an individual who sells a used car have to pay taxes on the money collected for the sale of the car?

Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.


How is gross income different from net income?

net income is gross income less expenses


What is net income if revenue is 45000 expenses are 25000 purchased assets are 5000 and owner drawings are 3000?

Formula for net income is as follows: Net income = sales - expenses net income = 45000 - 25000 net income = 20000


Victor malaba has a net income of 1240 per month if he spends 150 on food 244 on a car payment300 on rent and 50 on savings what percent of his net income can be spend on other things?

40%


When is income summary a net loss?

when net income is zero


If expense is overstated will net income be lower?

Net Income = Sales - ExpensesSo as many expanses net income will be lower.


How to calculate net income when cash dividend is given?

Cash dividend paid has nothing to deal with net income as net income is calculated first and after that it is distributed. If cash dividend is received then it is included in net income calculations and increases the net income.


Is net profit the same as net income?

Net profit is not the same as net income. There are many things that can be deducted on a tax return form from net profit that reduce net profit down to net income.

Trending Questions
How far is it from barnsley to sheffield? What is horsepower of a 4.3 liter V6 vortec engine? What is driving a car similar to? Can I accept property money damages from both my contractor's insurance co and my homeowners insurance? What it means when your car key don't want to go in the ignition? Do you have to allow inspector in house to renew homeowner insurance? Does ford credit offer auto insurance? How do you install a trailer hitch and ball? How much is it to renew your vehicle registration? When someone says i forgot to give you my new 8 what does it mean? What would cause the rear windows rear door locks and heated seats not to work? What happens if you were rear ended which caused you to swerve into the next lane and hit another car. Is the person who originally hit you at fault for both cars? What type of insurance does one need for renting a moving truck? When passing a vehicle on a two lane roadway you must return to the right hand side of the road before coming within? Can you register your car in Missouri if you live in ks? What is a viscous coupling in a 4 wheel drive? Which way should you turn your wheels when parking facing downhill there is a curb? What happens if the thermostat in a car breaks? What happens if the insurance company issues a check to you the owner of the vehicle rather than to the body shop or the lienholder and you spend the money thinking it was a refund of the diminished value? Does the cosigner have to pay the bill for vehicle if the primary borrower doesnt pay?