Net income meaning in English
Learn how to use Net income correctly with Gymglish.
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Definition
net income: total earnings after taking into account all costs
Examples
- "Icarus : Actually, Terrance, the term "bottom line" refers to the "net income" of the company, which indicates the earnings that remain after deducting taxes and other amounts."
- "Their profit margins are incredible, their net income for that quarter alone totaled more than 200 million!"
- "NET: $93 million"
Exercise 1
This term (used in the audio) describes an amount before deductions are made. Its antonym is net.
"Philip's salary does not include any tax or medical insurance deductions."
This term (used in the audio) describes an amount before deductions are made. Its antonym is net.
"Philip's gross salary does not include any tax or medical insurance deductions."
gross: "Gross" is the correct answer. As an adjective, "gross" describes a total amount before any deductions are made. Example: Our total profits are very high, but we need to deduct our operating expenses from this. Philip says that two years ago, Delavigne's "gross revenue" was big. The verb, "to gross (a sum of money)", is to earn it before taxes or expenses.
Exercise 2
"My last film grossed 100 million dollars at the box office."
A film's gross refers to:
A film's gross refers to:
"My last film grossed 100 million dollars at the box office."
A film's gross refers to:
A film's gross refers to:
This is incorrect, but it would be a great idea to measure the success of some movies according to the amount of popcorn that is eaten during the film.
This is incorrect. To "gross (a sum of money)" is to earn it before taxes or expenses. We use the term "net" to describe earnings after deductions.
This is correct. A "gross" is a total amount before taxes and expenses, etc. If a film "grosses (100 million dollars)", this refers to the total sales or revenue it makes before deductions such as taxes or expenses.
This is incorrect. The "gross" of a film does not refer to its total production costs.
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