What is net income?
The Bankrate.com financial term of the day is: "net income."
The term "net income" is not the answer to some silly riddle about what a tennis player earns. But, as in tennis, there is some scoring involved: It's the amount of income you score in the end after the money you earn is reduced by taxes.
Net income is what's left of your pay after taxes.
For help making sense of your taxes, visit the Taxes section at Bankrate.com.
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A little research could save you BIG on interest.