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LSDefine

Simple English definitions for legal terms

pretax earnings

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A quick definition of pretax earnings:

Pretax earnings refer to the amount of money a company earns before paying income taxes. This includes revenue gained from labor or services, investments, or assets. It is important to note that pretax earnings do not take into account any taxes that the company may owe, so it is not the same as the company's net income.

A more thorough explanation:

Pretax earnings refer to the amount of income earned by an individual or a company before taxes are deducted. This includes revenue gained from labor or services, investment of capital, or assets.

  • If a company earns $100,000 in revenue and has $20,000 in expenses, their pretax earnings would be $80,000.
  • If an individual earns a salary of $50,000 per year, their pretax earnings would also be $50,000.

These examples illustrate how pretax earnings are calculated by subtracting expenses from revenue or income. It is important to note that taxes will be deducted from these earnings, which will result in a lower net income or take-home pay.

presumption of survivorship | prête-nom

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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