Synonyms
- earnings
- net profit
- EBITDA
- cash flow
- profit
- gross revenue
- gross sales
- personal income
- per capita income
- net
What does net income exactly consist of?
Jan 04, 2020 · 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. This number appears on a company's income statement and is also an indicator of a company's profitability.
What does net income stand for?
Find 8 ways to say NET INCOME, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus.
What is the best definition of net income?
Nov 24, 2003 · 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...
What is the formula for net income?
What is another word for net operating income? Need synonyms for net operating income? Here's a list of similar words from our thesaurus that you can use instead. Noun Income after deducting operating expenses but before deducting for income …
Is net income another name for revenue?
Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit. When investors and analysts speak of a company's income, they're actually referring to net income or the profit for the company.
What is another name for net?
What is another word for net?meshnettingfishnetlacelatticeworknetworkopenworktullewebbingreticulum47 more rows
What is meant by net income?
In commerce, net income is what the business has left over after all expenses, including salary and wages, cost of goods or raw material and taxes. For an individual, net income is the “take-home” money after deductions for taxes, health insurance and retirement contributions.Oct 22, 2021
What is net income and its nicknames?
Net income shows how much money a company is making after subtracting all expenses. It can also be referred to as “net profit” or “the bottom line.” Net Income is usually found at the bottom of a company's income statement.Jan 26, 2022
What is the opposite of net income?
The opposite of net income is a net loss. In this case, the expenses and other reductions are greater than the income of the business.Sep 17, 2020
What's the opposite of net?
What is the opposite of net?releasefreeunbinduncageunleashunmanacleuntanglelet looseset free4 more rows
What is net income vs gross income?
While both gross and net income refer to the money you earn, there are key differences: Gross income is the money you earn from your hourly wages, salary, commissions, and bonuses. Net income is the money you're left with after taxes are paid and any deductions for health insurance or other benefits are taken. .Nov 4, 2021
Where is net income on financial statements?
bottom lineNet 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).
How do you find the net income?
How to calculate net incomeDetermine taxable income by deducting any pre-tax contributions to benefits.Withhold all applicable taxes (federal, state and local)Deduct any post-tax contributions to benefits.Garnish wages, if necessary.The result is net income.
Is net income and Pat same?
PAT is also referred to as the net earnings or net income or net profit or the bottom line. Net profit is the key number which determines the final profitability of the company.Mar 22, 2021
Why is net income called the bottom line?
The bottom line in business refers to a business's net income, net earnings, or net profit. It is referred to as the bottom line as it is found at the bottom of the net income financial statement. The bottom line is calculated by deducting expenses from revenues.Apr 18, 2021
Is net profit the same as net income?
Profit simply means the revenue that remains after expenses; it exists on several levels, depending on what types of costs are deducted from revenue. Net income, also known as net profit, is a single number, representing a specific type of profit. Net income is the renowned bottom line on a financial statement.
What is net income?
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. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization.
How to calculate net income for a business?
To calculate net income for a business, start with a company's total revenue. From this figure, subtract the business's expenses and operating costs to calculate the business's earnings before tax. Deduct tax from this amount to find the NI.
What is NI in tax?
Gross income refers to an individual's total earnings or pre-tax earnings, and NI refers to the difference after factoring deductions and taxes into gross income. To calculate taxable income, which is the figure used by the Internal Revenue Service to determine income tax, taxpayers subtract deductions from gross income.
What is the purpose of the number on a company's income statement?
It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability.
What is the NI number on a paycheck stub?
This is the amount that appears on an employee's check. The number is the employee's gross income, minus taxes, and retirement account contributions.
What is the bottom line of income statement?
Net income (NI) is known as the "bottom line" as it appears as the last line on the income statement once all expenses, interest, and taxes have been subtracted from revenues.
Who is Peggy James?
Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university.
