Home  | Term of the Day | |||
| net income [list="padding:0 0 0 19px"] [*]In business, what remains after subtracting all the costs (namely cost of business, depreciation, interest, and taxes) from a company's revenues. Net income is sometimes called the bottom line. also called earnings or net profit. [*]For an individual, gross income minus taxes, allowances, and deductions. An individual's net income is used to determine how much income tax is owed. For more... [/list] | ||||
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| Usage Example Unfortunately, with the rising costs of fuel and shipping, the large increase in sales did not result in a large increase in net income. | ||||
Term of the Day
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Join date : 2013-01-13
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