What is another name for net income?

What Is Net Income (NI)? Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.

What is another word for source of income?

What is another word for source of income?

Is operating income the same as net income?

Operating income is revenue less any operating expenses, while net income is operating income less any other non-operating expenses, such as interest and taxes. Operating income includes expenses such as selling, general & administrative expenses (SG&A), and depreciation and amortization.

What is a synonym for gross income?

Noun. Total income earned. gross earnings. taxable income.

Does net income include tax?

For the individual, net income is the money one receives from a paycheck after accounting for deductions such as taxes, retirement plan contributions and health insurance.

How is net profit calculated?

How to calculate net profit

1. net profit = total revenue – total expenses. You can also use the following formula:
2. net profit = gross profit – expenses. If you want to calculate the net profit margin, divide net profit by total revenue and multiply by 100.
3. net profit margin = ( net profit / total revenue ) x 100.

What are your sources of income?

For most individuals, income is often received in the form of wages or salary. Investments, pensions, and Social Security are also sources of income and are normally primary income sources for retirees. Business income can refer to a company’s remaining revenues after paying all expenses and taxes.

What are the sources of revenue?

2 Main Sources of Government Revenue in India

• Union Excise Duties:
• Customs:
• Income Tax:
• Corporation Tax:
• Wealth Tax:
• Gift Tax:
• Capital Gains Tax:
• Hotel Expenditure Tax:

What is net income example?

Example of Net Income Revenues of $1,000,000 and expenses of $900,000 yield net income of $100,000. In this example, if the amount of expenses had been higher than revenues, the result would have been termed a net loss, rather than net income.

Why is net income called the bottom line?

Net income is informally called the bottom line because it is typically found on the last line of a company’s income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).

What does total income include?

Your total income is your gross income from all sources less certain deductions, such as expenses, allowances and reliefs. If you are married or in a civil partnership and jointly assessed, your spouse’s or civil partner’s income is included in total income.

What is net income salary?

Net pay is an employee’s earnings after all deductions are taken out. These costs will come in the form of a deduction from the employee’s gross pay, or salary.

Are there any other words for net income?

other words for net income. MOST RELEVANT. net earnings. net pay. net wages. real wages. take-home. take-home income. taxable income.

Which is the best synonym for net profit?

Net Profit synonyms. Top synonyms for net profit (other words for net profit) are net income, profit and earnings.

How to find net income on an income statement?

Net income is found by taking sales revenue and subtracting COGS, SG&A, depreciation, and amortization, interest expense, taxes and any other expenses. Net income is the last line item on the income statement proper. Some income statements, however, will have a separate section at the bottom reconciling beginning retained…

How are net income and earnings per share calculated?

Net income (NI) is calculated as revenues minus expenses, interest, and taxes. Earnings per share are caculated using NI. Investors should review the numbers used to calculate NI because expenses can be hidden in accounting methods, or revenues can be inflated.