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, it is called operating profit (or loss, as the case may be). Also called earnings, net earnings, or net profit.
Synonyms of Net income
Avails, Base pay, Box office, Commissions, Compensation, Credit, Credits, Dismissal wage, Disposable income, Dividend, Dividends, Earned income, Earnings, Escalator clause, Escalator plan, Financial remuneration, Gains, Gate, Gate receipts, Get, Gross, Gross income, Gross receipts, Guaranteed annual wage, Hire, Income, Intake, Living wage, Make, Minimum wage, Net, Net receipts, Output, Pay, Pay and allowances, Payment, Payroll, Portal-to-portal pay, Proceeds, Produce, Profits, Purchasing power, Real wages, Receipt, Receipts, Receivables, Remuneration, Returns, Revenue, Royalties, Salary, Severance pay, Sliding scale, Take, Take-home, Take-home pay, Take-in, Takings, Taxable income, Total compensation, Unearned income, Wage, Wage control, Wage freeze, Wage reduction, Wage rollback, Wage scale, Wages, Wages after deductions, Wages after taxes, Yield
How to use Net income in a sentence?
- When Richard subtracted his business expenses from his gross income, his net income was barely enough to cover his living expenses; so to make his profit larger, he decided to cut costs by discontinuing overseas shipping of his product.
- You receive a paycheck and then you use the money from your paycheck to buy food and clothes, to pay bills and for other necessities and then if you have any money left over, that is your net income .
- His net income was much lower than he thought it would be due to the tax hike and him entering a new tax bracket.
Meaning of Net income & Net income Definition