Assertion: net income | /r/DefinedAs | gross income
Facets:
value: minus taxes
type: OTHER
value: minus other deductions
type: OTHER
Source sentences:
text: Net income is defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is usually the basis to calculate how much income tax is owed.
text: It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions).