The income statement can be defined as: Income – Expenses ...

Gross vs. Net Margins. Gross Revenue, Deposits must reconcile with Reported Tax Revenue . Direct Costs. Direct Labor, work comp, payroll taxes (labor burden & overhead) ... MN Dept. of Revenue Audits. Primarily two types. Sales & Use Tax. Adjustments from IRS Examinations. MN Unemployment Audits Warranties. Types. Express Written Verbal Limiting. ................
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