net income
Definition 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.
Definition 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.
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.
Definition 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.
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net income is ...
... part of the Accounting and Investor Relations subjects.
... part of the Accounting and Investor Relations subjects.
... #23 on our list of the most popular terms.
Related Terms
charge off, free cash flow, income coverage, minority ownership, net earnings, net income multiplier, profit and loss statement, Return on Invested Capital, ROIC, Salary Reduction Simplified Employee Pension Plan and
net income appears in the definitions of these other terms on BusinessDictionary.com
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