it means the money that is made during that same week or, month.
Adjusted net income refers to the process of making changes to net income to reflect uncollectible accounts or other unrealized monies. Business have to make adjustments to ensure their financials balance.
Net annual average income in France is 20,440 Euros (2004).
From Barack Obama's website: http://taxcut.barackobama.com/sb_faq.html ---- = Frequently Asked Questions for Small Business = ; Do Small Businesses pay taxes on their gross revenues or their net income? : As a small business owner who claims small business income on your individual tax return (whether through a sole proprietorship, partnership, or S-corp) you pay individual income taxes only on your net income - or profit - and not on your firm's gross revenue. Accordingly, when Obama says that he would roll back the Bush tax cuts for all couples earning more than $250,000 a year, these income figures include only net income that a small business owner takes home. Because net income is usually far lower than gross revenue, even if your revenue is above $250,000 you are still likely to get a tax cut under Obama's tax plan. If you are a small business owner using the tax calculator, you should select your income level based on the net income you claim - your revenues minus your costs - to see how you would fare under each candidate.
Consider that you have a small business. If you have a revenue income of Php50,000 and operating expenses of Php10,000, and interest income 0f Php5,000.00 and interest expense of Php2,000.00, how much is your net operating expense? What can you say about the financial position of your small business. Reason out.
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Net income = Net Sales - Expenses (the cost of doing business)
To find the net income or loss for a business, subtract total expenses from total revenue. If the result is positive, it's net income; if negative, it's a net loss.
To determine the net income loss of a business, subtract the total expenses from the total revenue. If the result is negative, it indicates a net income loss.
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
The formula for incremental net operating income is net operating assets minus net operating costs. Using this formula can help you learn the net income of a business.
SBA's definition of small business is - Average 2-year net gain after Federal Income Taxes might not exceed $5 million and also the tangible net worth might not exceed $15 million.
That would be an income tax.