net income

Meanings

• noun

  The difference between the total income earned and the total expenses incurred during a given period.

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Variants

List of all variants of net income that leads to same result
income , incomes , income account , income accounts , income statement , income bond , income bonds , income tax , income taxes , national income , national incomes , negative income tax , negative income taxes , discretionary income , disposable income , low-income housing , (income) tax return , income tax return , tax return

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Etymology

origin and the way in which meanings have changed throughout history.

Derived from the words 'net' meaning total or entire and 'income' meaning money earned.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Net income is also known as the 'bottom line' in financial statements.

2. The net income of a company is used to calculate its earnings per share (EPS).

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Gross income: The total amount of money earned before deducting expenses or taxes.

2. Operating income: Net income excluding interest and taxes.

3. Net profit: Another term for net income, often used in business contexts.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Net income is a significant financial metric used in personal finance, business, and accounting to measure profitability and financial health.

How to Memorize "net income"

1. visualize
   

   - Imagine a scale with income on one side and expenses on the other. Net income is the difference between the two.

2. associate
   

   - Think of net income as the money left over after paying all bills and expenses.

3. mnemonics
   

   - Use the acronym NI for net income.

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