what is national income meaning
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- Noun. 1. national income-the total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr).
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ACC/557 Midterm Exam â New Net income or loss is the amount left over after subtracting a company's operating expenses from its gross revenue. A business that generates a net income has figured out a way to earn more for its products and services than it spends to create them. Key Indicators on a Financial Statement That a Company is Profitable. 2  The Financial Position of a Company & Financial Statement Elements. 3  The Three Main Business Activities Measured by Financial Statements. 4  How to Estimate Revenue & Net Income of a Company Based on Previous Financials.
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net income definition net income. This is the bottom line of the income statement. It is the mathematical result of revenues and gains minus the cost of goods sold and all expenses and losses (including income tax expense if the company is a regular corporation) provided the result is a positive amount.If the net amount is a negative amount, it is referred to as a net loss.t is the mathematical result of revenues and gains minus the cost of goods sold and all expenses and losses (including income tax expense if the company is a regular corporation) provided the result is a positive amount.
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What is 'National Income Accounting' DEFINITION of 'National Income Accounting'. A term used in economics to refer to the bookkeeping system that a national government uses to measure the level of the country's economic activity in a given time period.
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Free Online Dictionary An unconditional basic income (also called basic income, basic income guarantee, universal basic income, universal demogrant, or citizen’s income) is a form of social security system in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition ...
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Net Income Per Employee Definition. Net Income per employee is frequently used as a profitability metric as to how companies have been performing over the last couple of years. Higher net income per employees is generally seen as a favorable sign.et Income per employee is frequently used as a profitability metric as to how companies have been performing over the last couple of years.
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Non-operating income Non-operating income, in accounting and finance, is gains or losses from sources not related to the typical activities of the business or organization. Non-operating income can include gains or losses from investments, property or asset sales, currency exchange, and other atypical gains or losses.on-operating income, in accounting and finance, is gains or losses from sources not related to the typical activities of the business or organization. Non-operating income can include gains or losses from investments, property or asset sales, currency exchange, and other atypical gains or losses.
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What is 'Net Income - NI' DEFINITION of 'Net Income-NI'. 1. A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.This number is found on a company's income statement and is an important measure of how profitable the company is over a period of time.et income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. This number is found on a company's income statement and is an important measure of how profitable the company is over a period of time.
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The difference between gross and net income For a wage earner, net income is the residual amount of earnings after all deductions have been taken from gross pay, such as payroll taxes and retirement plan contributions. For example, a person earns wages of $1,000, and $300 in deductions are taken from his paycheck.
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Chapter 5 - your income and assets What income means. Income means: 1  an amount you earn, derive or receive for your own use or benefit. 2  profits, the amount of earnings in excess of expenses, whether of a capital nature or not, and.  a periodic payment or benefit you receive as a gift or allowance.
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national debt national debt definition. The debt of the government; the amount of borrowing by the government to meet expenditures exceeding tax revenues. Note: A large national debt can inhibit growth and drive up interest rates.
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- Gross national income (GNI) is defined as the sum of value added by all producers who are residents in a nation, plus any product taxes (minus subsidies) not included in output, plus income received from abroad such as employee compensation and property income.REAKING DOWN 'Gross National Income (GNI)'. For most nations there is little difference between GDP and GNI, since the difference between income received by the country versus payments made to the rest of the world is not significant, as the income flows tend to balance each other out.
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national debt Definition of national debt. : the total amount of money that the government of a country owes to companies, countries, etc.
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- What is 'Net Income - NI'. Net income (NI) is a company's total earnings (or profit); net income is calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses.
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Free Online Dictionary A basic income ( also called unconditional basic income , Citizen 's Income , basic income guarantee , universal basic income or universal demogrant ) is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money , either from a government or some other public institution , in addition ...
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Ch.7 AP Macroeconomics (Measuring Domestic Output and National Income) national income. Total income earned by resource suppliers for Contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors' income, and such taxes.Should be less than GDP, Distinguish between national and domestic(Pg.133 bottom right).ational income. Total income earned by resource suppliers for Contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors' income, and such taxes.
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What is 'Net National Product - NNP'? The monetary value of finished goods and services produced by a country's citizens, whether overseas or resident, in the time period being measured (i.e., the gross national product, or GNP) minus the amount of GNP required to purchase new goods to maintain existing stock (i.e., depreciation).he monetary value of finished goods and services produced by a country's citizens, whether overseas or resident, in the time period being measured (i.e., the gross national product, or GNP) minus the amount of GNP required to purchase new goods to maintain existing stock (i.e., depreciation).
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What is 'National Income Accounting' National income accounting records the level of activity in accounts such as total revenues earned by domestic corporations, wages paid to foreign and domestic workers, and the amount spent on sales and income taxes by corporations and individuals residing in the country.ational income accounting provides economists and statisticians with detailed information that can be used to track the health of an economy and to forecast future growth and development.
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What Is Net Monthly Income? Net monthly income refers to the paycheck employees receive from their employers. Employers deduct taxes and Social Security contributions before creating checks for their employees.
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What is 'Net Income - NI' What is 'Net Income - NI'. Net income (NI) is a company's total earnings (or profit); net income is calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. This number appears on a company's income statement and is an important measure of how profitable the company is over a period of time.
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National Insurance: a summary National Insurance (NI) was introduced as a way of funding Social Security Benefits. It is payable by workers and by their employers. Payment of National Insurance gives rights to certain benefits such as state pension. Different classes of National Insurance can give different benefit rights.
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- As a general rule, gross means all of something. Gross income refers to an individual's entire income from all sources -- wages, self-employment, bonuses, dividends, etc. Net income is the number that matters for tax purposes, and refers to your income after adjustments, deductions, and credits are subtracted from your gross income. However, there's a little more to it than that.
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- Why, you would cease to inhale the breath of life itself, for his sake. The Strange Adventures of Mr. Middleton Wardon Allan Curtis Let me for a while inhale the breath of an invigorating literature.
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What is 'Earned Income' DEFINITION of 'Earned Income'. Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income.
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What Is Gross Income? What Is Gross Income? Your gross income is the amount of money you earn before anything is taken out for taxes or other deductions. For example, even though your monthly salary might be $3,500, you might only receive a check for $2,500. In that case, your net income would be $2,500, but your gross income is $3,500.