Excess income over and above the expected amount of after-tax operating income is called:

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Quizplus · Accepted Answer

Excess income over and above the expected amount of after-tax operating income is known as economic profit. It takes into account the opportunity cost of all resources used in the business, including the entrepreneur's time and capital. While a monetary profit measures the excess revenue over and above the explicit cost of doing business, economic profit is a more comprehensive measure that considers implicit costs as well. Extraordinary profit and remaining profit are not accurate descriptions of this concept.

Excess Income Over and Above the Expected Amount of After-Tax