How do you calculate book income?

Answer by  mammakat (11147)

Simply put, take total assets and subtract all intangible assets, such as "goodwill" etc. Remember, book value is your net tangible assets. There are so many variables involved in calculating this above the simple calculation I gave you that I suggest you consult your tax attorney.

Answer by  worker2746 (2434)

It is as easy as taking your revenue and subtracting any and all expenses associated with writing and producing the book.

Answer by  worker8388 (994)

We can calculate our regular income using effective tax rate. There is lot of calculators found in various websites to calculate. The self-employment tax rate is 15. 3% i. e 1. 4% for Social security and 2. 9% for Medicare. Only $102,000 will be subject to social security tax and we must pay $2. 9% to Medicare for all earnings.