Question

the formula of net income?​

Answer 1

Step-by-step explanation:

The net income formula is calculated by subtracting total expenses from total revenues. Many different textbooks break the expenses down into subcategories like cost of goods sold, operating expenses, interest, and taxes, but it doesn't matter. All revenues and all expenses are used in this formula.

Answer 2

Answer:

Net income can be taken out by two formulas. These are as follows:

1) Gross income - Expenses

OR.

2) Revenue - Cost of goods sold - Expenses

Hope it helps you