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.
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 ...
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 ...
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,
net income. This is the bottom line of the income statement. It is the mathematical
result of revenues and gains minus the cost of goods sold and all expenses ...
Definition of net income in the Financial Dictionary - by Free online English
dictionary and encyclopedia. What is net income? Meaning of net income as a ...
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 ...