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the amount of paycheck after withholdings
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What is best definition of net income?
"Net income" simply means income minus expenses.
What is the best definition of net income?
the actual amount of a paycheck after withholdings
What is best definition of gross income?
Gross income is the money you earn before taxes and national insurance has been deducted. Once deducted, you are left with a net income.
What is the definition of net income?
the amount of paycheck after withholdings
How do you calculate retained earningdefinitionformula?
Definition: Retained earnings is that part of net income which is not available to distribute to shareholders in the form of dividend. Formula: Retained earnings = net income - dividend
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
What is best definition of taxable income?
the portion of your income that is eligible for taxation
Best definition of taxable income?
The portion of a persons income that is eligible for taxation
Formula for net income?
Net income percentage = Net income / Revenue
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
Formula for net income percentage?
Net income percentage = Net income / Revenue
How is gross income different from net income?
net income is gross income less expenses
