net income
"Net income" represents the actual profit after all deductions and is crucial for assessing financial health.
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Definition
B2Business
(technical)The profit remaining after all expenses, taxes, and other deductions are subtracted from total revenue.
Example
- The company's net income increased by 15% this quarter.
B2Personal Finance
(general)The amount of money an individual takes home after taxes and other deductions are subtracted from gross income.
Example
- After all the deductions, her net income was significantly lower than her gross salary.
Similar
Terms that have similar or relatively close meanings to "net income":