Assertion: asset's expense | /r/HasProperty | subtracted
Facets:
value: from the business gross income
type: OTHER
value: from gross revenue
type: OTHER
Source sentences:
text: Expenses have a direct effect on taxable income because expenses are subtracted from gross revenue to arrive at net revenue or net income.
text: Then all the expenses are subtracted from the business gross income to get a net income or profit on the net income (profit and loss) statement.