net income

Total income from all sources minus deductions, exemptions, and other tax reductions.

• Income tax is computed on net income.

— Also termed net earnings. [Cases: Taxation 980. C.J.S. Taxation §§ 1715–1716.]

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词条贡献者

资深译员Lisa，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与私募股权与投资基金有关的法律文件。