4 ms·
It wasn’t really profit - it was the money to pay your own wage. Now, if you took say $10 an hour out, it might be fair to say the rest is profit.
by edmundsauto 6y ago
It wasn’t really profit - it was the money to pay your own wage. Now, if you took say $10 an hour out, it might be fair to say the rest is profit.
- dwaltrip 6y agoProfit is revenue minus expenses. Employees don't do this calculation, as the employer normally pays for all work expenses. Their paycheck is pure profit -- no expenses to account for. As such, people don't really think of paychecks in these terms, so it sounds strange. It makes sense in the comment above, as the cab driver actually has work expenses that they pay for out of pocket and are not reimbursed for.
- wolco2 6y agoIt starts as a gross value and after taxes, ei/old age is taken out it becomes a much smaller net value.