The company's income after all expenses and taxes have been paid is called the ____.
A) total income
B) net income
C) gross revenue
D) bottom line

Question

Quizplus · Accepted Answer

Net income is the amount of money a company earns after subtracting all its expenses and taxes. It is also known as profit or earnings. Option A and C are incorrect as they refer to the company's total revenue before deducting expenses. Option D is partially correct as bottom line is another term for net income but it is not a commonly used term in accounting.

The Company's Income After All Expenses and Taxes Have Been