Series 7: 9.4.1.1.4 Net Income

Taken from our Series 7 Top-off Online Guide

9.4.1.1.4 Net Income

Finally, the tax rate is applied to the amount that is left after interest payments have been removed. Once taxes have been subtracted, the remainder is net income. Net income has many alternative names: earnings after taxes (EAT), bottom line, profit (or loss), net profit, or simply earnings.

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