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Net Income is your take-home pay, the amount of money that you receive in your paycheck after taxes and deductions.
Net Income Explained
The profit earned by a company after all expenses and taxes have been deducted from revenue. A simple way to think about net income is it’s the price of a widget multiplied by the number of widgets sold (this result is revenue) minus the cost to make and sell the widgets, other expenses and any interest or taxes.