Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Filing taxes can get confusing, especially with all the forms and applications. Whether you file with help from a professional or on your own, calculating the precise total you owe to Internal Revenue ...

Operating income and revenue both show the money a company makes. However, they have different ways of expressing a company’s earnings. Revenue is a company’s income from its regular business ...

Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

In a perfect world, the income you receive would be all yours to keep. However, the tax man is on his way and any dollar you earn is subject to a tax bill. But what is taxable income? Is it everything ...