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  2. Net income - Wikipedia

    en.wikipedia.org/wiki/Net_income

    In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. [1] [better source needed]

  3. Net (economics) - Wikipedia

    en.wikipedia.org/wiki/Net_(economics)

    For example, net income is the total income of a company after deducting its expenses—commonly known as profit—or the total income of an individual after deducting their income tax. Profit may be broken down further into pre-taxed or gross profit and profit after taxes or net profit.

  4. Gross vs. Net Income: Understanding the Difference - AOL

    www.aol.com/gross-vs-net-income-understanding...

    How To Calculate Net Income. Based on the definition of “net income, ... If your net pay with that job is actually lower after factoring in the cost of obtaining your own health insurance, you ...

  5. Income (United States legal definitions) - Wikipedia

    en.wikipedia.org/wiki/Income_(United_States...

    In U.S. business and financial accounting, income is generally defined by Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board as: Revenues – Expenses; however, many people use it as shorthand for net income, which is the amount of money that a company earns after covering all of its costs as well as taxes.

  6. Income - Wikipedia

    en.wikipedia.org/wiki/Income

    An extremely important definition of income is Haig–Simons income, which defines income as Consumption + Change in net worth and is widely used in economics. [ 2 ] For households and individuals in the United States , income is defined by tax law as a sum that includes any wage , salary , profit , interest payment, rent , or other form of ...

  7. Why Your Take-Home Pay Is Not Your Base Pay - AOL

    www.aol.com/finance/why-home-pay-not-pay...

    That’s what you actually take home, which is why net pay is commonly called take-home pay. Check Out: 3 Ways Gen Z Can Join the FIRE Movement Withholdings can whittle that $2,000 gross pay down ...

  8. Gross income - Wikipedia

    en.wikipedia.org/wiki/Gross_income

    It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions). For a business, gross income (also gross profit , sales profit , or credit sales ) is the difference between revenue and the cost of making a product or providing a service, before deducting overheads , payroll ...

  9. Disposable household and per capita income - Wikipedia

    en.wikipedia.org/wiki/Disposable_household_and...

    When taxes and mandatory contributions are subtracted from household income, the result is called net or disposable household income. A region's mean or median net household income can be used as an indicator of the purchasing power or material well-being of its residents.