net income

net income
net income n: the balance of gross income remaining after all allowable deductions and exemptions are taken

Merriam-Webster’s Dictionary of Law. . 1996.

net income
Gross income minus allowed business expenses.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

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