Question

100 ponits !!!! what is net income. and how do you we calculate net income.

Answer 1

Businesses can calculate net income by taking their total incoming revenue for a specific time period and subtracting from it all business expenses for that same time period.

Step-by-step explanation:

Answer 2

Net income is an entity's income minus cost of goods sold, expenses, depreciation, amortization, interest, and taxes for an accouting period. Gross receipts / revenue less cost of doing business (including Cost of Goods Sold, operational and administrative expenses.) Your business' bottom line - what you pay taxes on.

Step-by-step explanation: