Net income Sentence Examples
The amount of child support owed is usually based on the number of minor children in need of support and the non-custodial parent's net income at the time of the divorce agreement.
The net income for the paying parent and the recipient is calculated by deducting the allowable deductions from each party's gross income.
Each person's net income is then added together to calculate net income for child support purposes.
The company posted total revenues for 2007 of $2.234 billion and a net income of $148 million.
Federline's attorney asserts that his client doesn't have a net income after monthly business expenses are paid.Advertisement
One of first things the mortgage lender will want to know is the cost of the building versus the net income potential.
By 1992, Fischer and Camuto had increased annual sales to about 461 million dollars and their net income had increased by nearly 60 percent.
Requirements include having a gross income at or below 130 percent of the federal poverty level and a net income at or below 100 percent of the federal poverty level, among others.
Figure out 10% of your household's net income and vow to put that aside each pay period.
In the example above, the company is profitable because the Net Income is a positive number.Advertisement
If the Net Income amount was a negative number, the company would have experienced a loss this year.
The single step method is a simple version that basically revolves around recording incoming monies and subtracting expenses to obtain the final net income also known as the bottom line.
The gross income from the state railways is 26,607,622, and the net income 4,684,856 marks.
The excuse, as a rule, may hold good, that the postal charge is only a reasonable one for service rendered, so that the net income of the post office really resembles the profit of a business, but the element of taxation appears undoubtedly to enter.
The census of 1900 showed that not less than two-fifths of the total net income came from live stock or from hay, grain and forage on farms representing together 96% of the farm-value of the state - live stock being a trifle more important; dairying was similarly predominant for 1.6%, and beet-sugar for ' 9.1%.Advertisement
The company's net worth must be $18 million or less, with a two-year average of after-tax net income at $6 million or less.
Other principal sources of income are excise taxes, a general property tax, an inheritance tax and a tax on insurance premiums. For the fiscal year ending June 1909 the net income of the insular government was $3,180,111.75 and the net bonded indebtedness was $3,759,231.22.