Profit After Tax vs Profit Before Tax What’s the Difference?
For example, say the same worker contributes $7,000 in a traditional IRA. However, keep in mind that contributions made to a pre-tax 401(k) aren’t considered above-the-line deductions, but they also lower your taxable income. By excluding the tax factor, PBT minimizes the potential impact of taxes on the https://www.bookstime.com/ company’s profits. In such a way, […]