Quote:
Originally Posted by Bill14564
The overpayment was specifically tagged? As what?
Profit is income less expenses. The overpayment went to creditors and employees first and whatever was leftover went to profit. But where did profit go? Is there a door somewhere labeled “profit” with a pile of cash behind it? No.
I think I might understand what the poster was getting at but any attempt to claw back (that’s the term these days, right?) the money out of anyone’s wallet is going to get messy.
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Yeah, everyone knows what profit is on the ledger. Money leftover after the basic, Medicare/Insurance earned income has been applied to pay expenses, including salaries. Any profit snagged over the actual costs and payments would be utilized in other capacities. That door labeled profit would be determined in a hurry with a decent audit and total review of how money was spent after the basic cost of doing business was determined.