Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income ...
Struggling to make a budget that sticks? Make sure you understand the nuances of your primary source of income. For most of us, income is the easiest-to-understand part of your budget. You know how ...
People whose income falls above a specific range defined by the government have to pay tax on their income and it is called ... Exemptions are certain types of income that are excluded from taxation.
Gross National Income (GNI) includes production figures ... measures the production level of a country’s economy, commonly defined as the total annual value of the goods and services produced ...
Gross profit calculates as revenue minus the cost of goods sold (COGS). Gross profit margin, a percentage, helps compare profitability across companies. High gross profit indicates a company's ...