net income

Definitions (2)

1. In business, what remains after subtracting all the costs (namely, business, depreciation, interest, and taxes) from a company's revenues. Net income is sometimes called the bottom line. also called earnings or net profit.
2. 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 information, see Gross vs Net.

Use net income in a sentence

You should try to have as good of a net income off of a project as you can so that your time was well spent.

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With the rising costs of fuel and shipping the large increase in sales unfortunately did not result in a large increase in net income.

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The net income for my friend's small business has grown over the years and he attributed the reason to a stronger economy and more demand for his services.

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