from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Gross profit minus operating expenses and taxes.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Sorry, no etymologies found.
Therefore resolved by the Senate and House of Representatives of the State of Georgia, That the Finance Committee of the Senate and the House of Representatives be instructed to act as a joint committee on Finance, and take into consideration the whole subject of taxation by the State with the view of raising revenue for the support of Government and for the payment of the public debt, and for providing for the common defense, by the adoption by the State of such a system of taxation for the purpose aforesaid, as shall combine the ad-valorem system with the net income system in such way as that taxation shall be based mainly on net income or profits realized during the war, and to report by an appropriate bill to secure this object, to the House of Representatives, where alone such bill can originate.
The thirty nonadopting coffee farmers (who did not use the new coffee varieties) raised their net income from 4,500 pesos to 12,000 pesos, an increase of only half as much (7,500 pesos, or 166 percent).
That, and the fact that his wife had just purchased a new Mercedes turbo-diesel wagon that cost the annual net income of the Beer Bar Ranch.
And although Bio-Med was profitable, its annual net income was only two million.