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Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。