Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes. For companies, net income is what a business has left over … 展开

To calculate net income, take the gross income — the total amount of money earned — then subtract expenses, such as taxes and interest … 展开

Understanding net income is important because it helps clarify how much can be spent on living expenses as well as discretionary spending. Here’s a business example. Let’s say a business reports a gross revenue of $2 billion per month. That may seem like a … 展开