To gross up monthly income, use the formula: Gross pay = net pay / (1 – tax rate). For example, a company could offer an employee a net salary and calculate the gross pay based on the tax rate.

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...

Debt-to-income (DTI) ratio compares your recurring monthly debt payments against your monthly gross income, expressed as a percentage. Debt-to-income (DTI) ratio compares your recurring monthly ...