Assertion: net income | /r/HasProperty | calculated
Facets:
value: by subtracting total expenses
type: MANNER
value: by subtracting all deductions
type: MANNER
value: mathematically
type: MANNER
value: based on the following
type: OTHER
value: by taking revenues
type: MANNER
Source sentences:
text: Net income is calculated by taking revenues and subtracting the costs of doing business, such as depreciation, interest, taxes, and other expenses.
text: Mathematically, the Net Income is calculated based on the following:
text: Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.
text: Net income is calculated by subtracting total expenses from total revenues.
text: After the expenses are totaled, net income can be calculated by subtracting the total expenses from the total income.
text: Net income is calculated much like pretax income is, except that you’re also including your taxes in the calculation.
text: Sometimes called profits or earnings, net income is calculated by subtracting all deductions, tax credits, and cost of goods sold from the gross income number.