Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

Learn about gross, operating, and net profit margins, how each is calculated, and how businesses and investors can use them ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

We’re intrigued by the net worth of celebrities, business magnates, politicians and sports heroes. But knowing our own net worth can be useful for us mere mortals, too. It may seem like figuring out ...