Net Calorie and Calorie Deficit Concerns

Hello,

MFP says that the calorie goal for weight loss is 1200 calories minimum, but after researching, I have found that for women it is actually 1500. Just wondering, is 1500 net calories low enough to lose weight? I am not sure whether exercise is taken into account with this calorie goal or not.Or do you have to eat 1500 calories even when you exercise? If I burn 500 calories, should I eat 2000 calories on that day? Would I still lose a pound a week? 2000 calories seems like too much to eat to lose weight...

Any additional information would be great!