Meaning of the word "net income" in English
What does "net income" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
net income
US /ˌnet ˈɪn.kʌm/
UK /ˌnet ˈɪn.kʌm/
Noun
1.
the total earnings of a company or individual after all expenses, taxes, and deductions have been subtracted from revenue
Example:
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The company reported a significant increase in net income for the last quarter.
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Calculating net income is crucial for assessing a company's profitability.
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