Assertion: net income | /r/HasProperty | the amount of income
Facets:
value: after deductions
type: OTHER
value: for the purposes of tax preparation
type: PURPOSE
Source sentences:
text: For the purposes of tax preparation, net income is the amount of income after taxes and deductions for things such as pre-tax contributions to a 401(k) or child tax credits.
text: Net income, on the other hand, is the amount of income left over after all expenses are factored in.