What is Net Income?
Answer:
Net Income is just another word for profit. 
It is the difference between gross income and what is left after a business pays its operating expenses.

For individuals it is the figure you end up with after you take your gross income and subtract any allowable expenses such as tools you are required to buy for your work or the interest you pay on your mortgage. 

While businesses hope to see their net incomes rise each year, individuals do everything they can to bring their net incomes down; because that is the figure the government uses to calculate your income tax.
  more Q&A sessions like this

Trackback(0)
Comments (0)add comment

Write comment
You must be logged in to post a comment. Join for free or Login.

busy