Kategori: Bookkeeping

Coefficient of determination Wikipedia

We interpret the coefficient of multiple determination in the same way that we interpret the coefficient of determination for simple linear regression. The coefficient of determination is a statistical measurement that examines how differences in one variable can be explained by the difference in a second variable when predicting the outcome of a given event. […]

What is income? Definition and meaning

Its the total of all 1099 forms you receive for your services, plus any income you receive that was not reported on a 1099. Like gross income from an hourly or salaried position, self-employment gross income is the starting point when youre doing your taxes. Its not what you actually made because your expenses haven’t […]