Community and Government
Learn About Net Income: Definition, How to Calculate Net Income, and the Difference Between Net Income and Gross Income
Written by MasterClass
Last updated: Oct 12, 2022 • 3 min read
Net Income is one of the simplest concepts in economics and one that most people have a basic understanding of. That being said, understanding net income and being able to differentiate it from other similar concepts is very important in order to analyze your own finances and track your financial progress.