Revenue is income that is basically income such as, income, income and more income. Do You Understand ?!
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
Income tax IS based on your income that is why it is called INCOME tax.
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
forgone
this is best forgone altarnative
it's forgone consumption.
forgone conclusion...matter of fact
making choices means sacrificing some alternatives.what i think about the alternatives forgone is the advantages of the second best altenative,time and the demerits of what is chosen.
forwent is past tense. Forgone is the past participle
In the economical term opportunity cost means the best next alternative forgone
It is that t forgone affairs are to be felt with inpromtly due to certain budget regulations.
In economics, the value of a forgone choice is called an "opportunity cost" because it represents a potential value that is lost, at least initially.There are several adjectives for things not chosen, including alternative, bypassed, forgone, deferred, or unpicked.
Pope Francis has forgone many of his papal vestements, instead wearing simple clothes.
The word may be one of these: forging - (gerund) creating false or copied documents (or artwork) forgone - (adjective) eschewed or relinquished
Opportunity cost refers to the economic benefit forgone by using a resource for one purpose rather than another.