In business, net income is an entity's income minus cost of goods sold, expenses
and taxes for an accounting period. It is computed as the residual of all ...
1. A company's total earnings (or profit). Net income is calculated by taking
revenues and adjusting for the cost of doing business, depreciation, interest,
Jul 28, 2013 ... The concepts of gross and net income have different meanings, depending on
whether you are discussing a business or a wage earner.
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 ...
Net income represents the amount of money remaining after all operating
expenses, interest, taxes and preferred stock dividends (but not common stock ...
Net income, also called net profit, is a calculation that measures the amount of
total revenues that exceed total expenses. It shows how much revenues are left ...
Definition of net income: The total revenue in an accounting period minus all
expenses during the same period. If income taxes and interest are not deducted,
When a company reports earnings, there are two numbers most investors pay
attention to -- the revenue and the net income. Revenue is also known as the top
View industry data on Net Income and an explanation of Net Income.
Quick Answer. The difference between gross and net income is that gross income
is the total amount of income made and net income is the total amount of ...