Take-Home Pay

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January 1, 1 5 min read Definitions

Net Income Accounting Financial Statements Profitability Net Operating Income Take-Home Pay

In accounting, the term 'Net Income' refers to the amount remaining after all expenses have been deducted from total revenue. It is a key measure of profitability and is also known as the bottom line. In appraisal, net income can often be termed as net operating income, and in personal finance, it refers to an individual's take-home pay after all taxes and deductions have been subtracted.