Another name for "Net Income" is ________.

Question

BlackTom AI · Accepted Answer

The question asks for another name for "Net Income". In accounting and finance, net income is commonly referred to as profit, since it represents the residual earnings after subtracting all expenses, taxes, and costs from total revenue.

Option analysis is limited here because no answer choices are provided. However, based on the standard terminology:
- Net income = profit: this is the primary synonym used in financial reporting.
- Net income vs gross measures: net income accounts for all costs (operating expenses, interest, taxes, etc.), whereas gross profit only subtracts the cost of goods sold from revenue and does not reflect those other expenses.
- Other related terms you might encounter include earnings or the bottom line, all of which convey the same general idea of the company’s final profitability after all deductions.

In summary, when asked for another name for Net Income, "Profit" is the direct and widely accepted synonym, since it captures the net effect after all expenses deductions.

KSB-111-003.2025F Quiz -- Chapter 10

Another name for "Net Income" is ________.

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