Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Gross income is a way of measuring the profit generated from sales alone, using just your total revenue minus the cost to you for the goods you sold. Net income, though, goes a few steps further by ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Reporting taxes, applying for a loan and making a new company budget will require you to know how much money you bring in each year. Annual income is one of the most valuable metrics for quick, ...

Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.