Difference between Profits and Net Income

PROFITS vs NET INCOME: NOUN

Collective form of profit.
Plural form of profit.
The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Something won (especially money)

Gross profit minus operating expenses and taxes.
The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)

Receipts, Dividend, Gains, Income, Margins, Profitability, Revenue, Revenues, Net income, Win, Net profit, Lucre, Net, Winnings, Earnings

Operating loss, Accounting change, Earnings per share, Income tax, Financial statement, Fiscal year, Gross profit, Net loss, Income statement, Lucre, Profits, Profit, Earnings, Net, Net profit

Surpluses, Receipts, Dividend, Gains, Income, Margins, Profitability, Revenue, Revenues, Net income, Win, Net profit, Lucre, Net, Earnings

Net operating income, Operating loss, Earnings per share, Income tax, Financial statement, Fiscal year, Gross profit, Net loss, Income statement, Lucre, Profits, Profit, Earnings, Net, Net profit

It was calculated on past profits, and was often paid on imaginary profits.
Any losses incurred by the fund are generally allocated in the same proportion as profits and offset previously allocated profits.
Historical industry sales trends and profits are also discussed, as is the outlook for sales and profits.
The profits that general partners are allocated from the profits on the investments made by the investment vehicle.
These traders receive bonuses tied to their individual profits and the profits of the entire trading floor.
State and local income, war profits, and excess profits are not allowable as a deduction.
Any profits from the real property including rent and sale profits go into the trust.
The PROFITS Advisor cannot be present during the PROFITS Committee discussion and decision.
Reinvesting profits into your business means you can help it grow, leading to higher profits in the future.
Perhaps hurricane profits or tornado profits would be more appropriate.

Net interest income has been the most significant contributor to our revenues and net income.
We describe these adjustments reconciling net income to Adjusted Net Income in the tables below.
ALLOCATIONS OF NET INCOME AND NET LOSSES FOR FEDERAL INCOME TAX PURPOSES.
Income tax expense is based on net income and not net cash flow.
Use the adjusted net income figure on a completed tax return or determine net income by subtracting the operating expenses from the gross income.
Net interest margin, Net operating income, and Net income.
In addition, net income attributable to noncontrolling interests is included in net income on the income statement.
State taxes measured by net income or imposed in lieu of net income and excluded from federal taxable income arncluded in KS taxable income.
This net income template shows you the calculation of net income using line items from an income statement.
Net Income You may see both gross income and net income come up on your income tax filings.